What if US homebuilder labor crunch from deportations stalls housing starts?
Removal of undocumented construction crews collapses framing and finishing capacity, lifting build costs and stalling housing starts; builder equities fall as completion timelines blow out and shelter inflation re-accelerates.
how we built this number — every step
The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.
What it would mean
If this plays out, it is a risk-off shock. Removal of undocumented construction crews collapses framing and finishing capacity, lifting build costs and stalling housing starts; builder equities fall as completion timelines blow out and shelter inflation re-accelerates. The trigger decomposes into signed root‑shocks — Consumer spending ▼ · Inflation surprise ▲ · Labor shortage ▲ · Recession signal ▲ · Risk appetite ▼ — which propagate through our causal graph to the markets below.
If it happens — the markets it would move
Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.
| Market | Class | Projected move | |
|---|---|---|---|
| 1 | Solana SOLon Hyperliquid 📈 chart | Crypto | ▼ -0.9% hist -4.75–+1.38% · other way -8.46% (n=12) |
| 2 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▼ -0.9% hist -0.94–-0.12% · other way -0.56% (n=12) |
| 3 | Hyperliquid (HYPE) HYPEon Hyperliquid | Crypto | ▼ -0.8% model prior · unmeasured |
| 4 | MicroStrategy MSTRon Hyperliquid 📈 chart | Equity | ▼ -0.8% hist -0.87–+0.47% · other way +27.71% (n=12) |
| 5 | Ether ETHon Hyperliquid 📈 chart | Crypto | ▼ -0.7% hist -5.48–+1.42% · other way +0.49% (n=12) |
| 6 | Tech sector XLK 📈 chart | Equity | ▼ -0.7% hist -0.45–-0.22% · other way -0.33% (n=12) |
| 7 | Bitcoin BTCon Hyperliquid 📈 chart | Crypto | ▼ -0.6% hist -0.46–+0.01% · other way +5.06% (n=12) |
| 8 | S&P 500 SPXon Hyperliquid 📈 chart | Index | ▼ -0.6% hist -2.27–+0.63% · other way +2.38% (n=12) |
| 9 | Volatility (VIX) VIXon Hyperliquid 📈 chart | Vol | ▲ +0.6% hist -1.22–+3.49% · other way -3.9% (n=12) |
| 10 | Homebuilders XHB 📈 chart | Equity | ▼ -0.3% hist -0.28–+0.04% · other way +0.53% (n=12) |
| 11 | 30y Treasury yield DGS30 📈 chart | Rate | ▲ +4bp hist -1.98–+10.71% · other way -0.3% (n=12) |
| 12 | Financials XLF 📈 chart | Equity | ▼ -0.3% hist -0.29–+1.86% · other way -0.19% (n=12) |
| 13 | Gold XAUon Hyperliquid 📈 chart | Commodity | ▼ -0.3% hist -0.29–+0.31% · other way +0.34% (n=12) |
| 14 | High-yield credit HYG 📈 chart | Rate | ▼ -0.3% hist -0.34–+0.3% · other way -0.52% (n=12) |
Probable recommendation
Historical precedent — what analogous events actually did
Across 40 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.
| Asset | History says | Abnormal (20d · 5d) | Hit | n | Confidence | vs cascade |
|---|---|---|---|---|---|---|
| XLF XLF | LONG | +1.6% · 5d +0.3% | 76% | 32 | 0.44 | ⚠ differs |
| JPM JPM | LONG | +2.4% · 5d +0.8% | 74% | 35 | 0.40 | ⚠ differs |
| ARM ARM | SHORT | -5.9% · 5d -6.0% | 74% | 26 | 0.34 | ✓ matches cascade |
| NVDA NVDA | SHORT | -1.6% · 5d -2.4% | 68% | 32 | 0.23 | ✓ matches cascade |
| ETH ETH | SHORT | -4.7% · 5d -5.7% | 63% | 30 | 0.19 | ✓ matches cascade |
| 30y yield DGS30 | LONG | +8bp · 5d +4bp | 57% | 38 | 0.14 | ✓ matches cascade |
| COIN COIN | SHORT | -0.8% · 5d -0.1% | 58% | 29 | 0.14 | ✓ matches cascade |
| NDX NDX | SHORT | -0.4% · 5d -0.9% | 59% | 33 | 0.13 | ✓ matches cascade |
| Gold XAU | LONG | +0.5% · 5d -0.7% ↺ fades | 57% | 32 | 0.11 | ⚠ differs |
| SOL SOL | SHORT | -4.0% · 5d -6.6% | 58% | 29 | 0.10 | ✓ matches cascade |
| INR INR | SHORT | -0.1% · 5d +0.4% ↺ fades | 57% | 32 | 0.10 | ✓ matches cascade |
| SPX SPX | SHORT | -1.9% · 5d -1.3% | 55% | 40 | 0.09 | ✓ matches cascade |
| Volatility VIX | LONG | +3.1% · 5d +9.2% | 54% | 33 | 0.07 | ✓ matches cascade |
| SMH SMH | SHORT | -0.0% · 5d -0.5% | 54% | 32 | 0.07 | ✓ matches cascade |