New-Home Supply Down 1% in the Second Quarter, the Biggest Decline in 6 Years
The market for new homes is moderating, with prices slightly down as builders adjust inventory to meet demand for affordable homes.
As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.
The market for new homes is moderating, with prices slightly down as builders adjust inventory to meet demand for affordable homes.

Just 11.2% of Redfin offers faced bidding wars in July, the lowest rate since at least 2011.
High-end home prices rebounded slightly in the second quarter, but sales continued to drop and supply surged.
Just 40.6% of black Americans own homes, compared to more than 73% of white Americans. And black Americans have seen significantly smaller home-equity gains since 2010.
But in San Jose and Orange County, two of the most expensive markets in the U.S., prices for the most affordable homes are falling.
The upzoning bill could increase the for-sale housing supply from 8,000 to 22,000 and curb price growth in Portland.
The market for new homes is moderating, with prices slightly down as builders adjust inventory to meet demand for affordable homes.

Just 11.2% of Redfin offers faced bidding wars in July, the lowest rate since at least 2011.
High-end home prices rebounded slightly in the second quarter, but sales continued to drop and supply surged.
Just 40.6% of black Americans own homes, compared to more than 73% of white Americans. And black Americans have seen significantly smaller home-equity gains since 2010.
But in San Jose and Orange County, two of the most expensive markets in the U.S., prices for the most affordable homes are falling.
The upzoning bill could increase the for-sale housing supply from 8,000 to 22,000 and curb price growth in Portland.