Yes. More fundamentally than housing, this is about demographics. Human population will peak soon and then decline. Wether degrowth is embraced or forced upon actors who whine about it is the main question. Its increasingly looking like that latter, which I personally refer to as angry degrowth
I think it's probably better to think of it more as top down (club of rome, malthusians, austerity measures) vs bottom up (kohei saito, eco-socialists, shorter work weeks) degrowth.