Realtor.com, Austin, Texas, recently examined construction trends and found a tale of two housing markets: an urban new construction market defined by scarcity and steep premiums and a suburban one marked by stability and competitive pricing.
Tag: New Construction
Realtor.com: New Builds Becoming More Affordable
Realtor.com, Santa Clara, Calif., released its New Construction Quarterly Report, finding that newly built homes are starting to become more affordable–the median list price for Q1 2025 was $448,393, down 0.3% year-over-year.
Record-High 3Q Homes for Sale New Construction
Redfin, Seattle, reported new construction took up a record percentage of housing inventory in the third quarter, partly filling a gap left by hesitant existing homeowners as the housing market slows.
Most Americans Cannot Afford a New Construction Home
A new analysis by Knock, New York, a digital homeownership platform, reported most American households are being priced out of the new home market even as builders shift their focus to smaller homes to accommodate the entry-level market.
(#MBA Live) Housing, Mortgage Markets Show Resiliency, Agility
With all that has hit the mortgage industry over the past several months, Mortgage Bankers Association Chief Economist Mike Fratantoni has a positive message for mortgage lenders and servicers: “It seems like the industry has done a fantastic job of finding solutions in this crazy environment,” Fratantoni said yesterday during MBA Live: Technology Solutions Conference.