The traditional premium for buying a new home has largely disappeared, making new construction surprisingly competitive with existing homes in many markets.
Concerns about the economy and the cost of living are outweighing the appeal to buyers of cheaper newly built homes, builders say Housing affordability is a key obstacle that has continued to put off ...
Homebuilders may partner with preferred lenders to offer competitive mortgage rates, closing cost credits, sales price reductions or other incentives. A builder's incentives may be offset by higher ...
New home inventories are at a 15-year high, but homebuilders are implementing strategies to deal with the supply. New home inventory has reached 9.8 months of supply as of June 2025, marking the ...
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Newly built homes are cheaper than previously owned homes as builders ramp up price cuts
As home builders aggressively slash prices to boost sales, prices of newly built homes are coming down. The median sales price of a new home in June was $401,800, which was about 5% lower than in May.
Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July, according to the U.S. Census. That's despite mortgage rates that are higher than they are today. The ...
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New Homes are Outselling Existing Homes. Here's Why
While existing home sales are falling, sales of newly constructed homes are increasing, creating two very different segments of the housing market. Higher inventory levels are propelling new home ...
For most of the last 50 years, new homes have cost more than existing ones, nationally. Thanks to builder strategies, shifting home designs and a new construction glut the trend has flipped. Something ...
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