Between May 2022 and May 2021, there has been a 15.8% decrease in the material hitting the market. This gap has only continued to grow in past years. Dating at its peak, 2019 saw 33 specs out in a single month. Comparing that to now, that is nearly a 51.5% drop-off. While materials have decreased, the success rates have seen a bit more of a u-shape in the last few years.