Real estate-related stocks could benefit, especially homebuilders reporting robust order books. A spokesman for Taylor Wimpey said: “While mindful of the various issues impacting customer sentiment and propensity to buy homes, including the impact of the delayed Budget on short-term customer confidence, we remain well positioned and own all land with planning for 2026 completions.” The importance of months supply is robust. In the preceding exercise, the order in which variables are added to the regressions above affects the incremental increase in explanatory power (or R 2 ) that each variable gives. An alternative way is to specify many regression models (one for each possible ordering) and compute the incremental R 2 relative to the maximum possible R 2 (which arises from including all the variables). 4 The results of this decomposition are given in Table 2 and show that the two most important explanatory variables are the current Case-Shiller growth rate (achieving 39.2 percent of the maximum) and months supply (achieving 32.9 percent of the maximum). The other variables are far less important, although demographics matter somewhat. 5 These results suggest the focus on months supply is quite reasonable. Trading desks are noting correlations between the house price forecast and construction sector equities. The forecast shows a 5% climb in suburban regions, hinting at possible upside for home improvement retail stocks.