{"id":77977,"date":"2024-05-20T05:30:05","date_gmt":"2024-05-20T12:30:05","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=77977"},"modified":"2024-05-17T15:24:16","modified_gmt":"2024-05-17T22:24:16","slug":"new-construction-homes-one-third-of-inventory-2024","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/new-construction-homes-one-third-of-inventory-2024\/","title":{"rendered":"One-Third of Houses For Sale Are Newly Built, Just Shy of the Record High"},"content":{"rendered":"

The share of houses for sale that are brand new is hovering at a level that\u2019s nearly double the pre-pandemic rate.\u00a0<\/span><\/i><\/p>\n

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 of housing supply that\u2019s newly built is still roughly double pre-pandemic levels.<\/span><\/p>\n

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Newly built homes have taken up an outsized portion of inventory since the pandemic homebuying boom sent builders into overdrive. There are two main reasons for that:\u00a0<\/span><\/p>\n