On a monthly basis, the New Housing Price Index (NHPI) fell 0.4% in October, the largest monthly decline since April 2009. However, the picture was mixed across the country, as prices were down in 9 out of 27 census metropolitan areas (CMAs) surveyed, but unchanged in 11 CMAs and up in the remaining 7.
Historically, that is not always true and very market dependent.
Historically when there were work houses and inns that cost under a days pay, sure. But anytime after the 19th century it’s been true. Anywhere in the US in Canada for the last 150 years it’s been true. Any SFH it’s been true, including historically.
Landlords don’t rent out of the kindness of their cold, dead, grease filled hearts, they rent to make a profit. Meaning it is always cheaper to own than rent because that profit is built into the rent.