The share of houses for sale that are brand new is hovering at a level that’s nearly double the pre-pandemic rate. One-third (33.4%) of single-family homes for sale in the U.S. in the first quarter were newly built, essentially unchanged from a year earlier but down from a record-high 34.5% two years earlier. The portion […]
One-Third of Houses For Sale Are Newly Built, Just Shy of the Record High Read More »
New construction has taken up a growing share of the for-sale housing pie because homebuilding has increased and the number of individual homeowners selling has decreased. Builders are offering sizable discounts to attract buyers and offload inventory, but they’ve also boosted prices. Nationwide, 31.8% of U.S. single-family homes for sale in the fourth quarter were
32% of Homes for Sale in the Fourth Quarter Were Newly Built—Just Shy of the Record High Read More »
New builds are taking up a growing share of the pie as builders attract buyers with concessions, and surging mortgage rates prevent existing homeowners from selling. Nationwide, 30.6% of U.S. single-family homes for sale in the third quarter were new construction—the highest share of any third quarter on record. That’s up from 28.9% one year
Homebuyers are turning to newly built single-family homes as overall inventory sits at an all-time low. New homes are most common in El Paso, TX, Omaha, NE and Raleigh, NC, and least common in California and Hawaii. Newly built homes made up nearly one-third (31.4%) of U.S. single-family homes on the market in the second
New construction is taking up a growing piece of the housing inventory pie as scores of homes built during the pandemic go up for sale and individual homeowners hold off on listing amid a market slowdown. Twenty-nine percent of U.S. single-family homes for sale in the third quarter were new construction—the highest share of any
29% of Homes for Sale in Third Quarter Were New Construction—a Record High Read More »
55% of homes being built today face fire risk, compared with 14% of homes built from 1900 to 1959, as suburbanization and a shift to the Sun Belt have driven builders into more vulnerable areas. Recently-built homes are also more likely than older homes to face drought, heat and flood risk, but the gap is
America Is Increasingly Building Homes in Disaster-Prone Areas Read More »