The Price Premium on New-Construction Homes Is Dissolving. New Home Prices Dropped in 30% of Large U.S. Cities Last Quarter

Fortune, Aug. 11, 2025-Sydney Lake
Housing costs have surged more than 50% since the pandemic, but the traditional price gap where new-construction homes cost significantly more than existing homes has narrowed. There are notable price drops and incentives, especially in the South and West, making new homes more affordable. Furthermore, new homes often provide better value per square foot, and builders tend to offer incentives.
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