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New construction homes are playing a bigger role in the housing market

Nov 27, 2023
New home sales fell 5.6% in October, but they're still up 18% over last year. And they make up a record share of total inventory.
Homebuyers may be able to find deals right now on new homes that began construction during the housing boom, says Redfin economist Daryl Fairweather.
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Home builders try to make houses more affordable by making them smaller

Nov 1, 2023
High mortgage rates and building costs have reversed the pandemic trend of bigger houses.
The construction of smaller homes now could help ensure affordable inventory in the long run.
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New apartments coming on the market may ease rent inflation, but not the housing shortage

Sep 22, 2023
Many of the projects being completed were delayed by the pandemic.
While the overall housing shortage may not be over, new apartment building completion was up in August. Enough new units could help cool rent inflation.
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Why homebuilders remain confident in spite of high interest rates

Jul 19, 2023
High interest rates are hitting the construction industry, but homebuilder confidence keeps growing, given the steady demand for new construction.
With existing inventory still low and mortgage rates still high, more buyers are turning to new construction.
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New house construction is booming. Here's why most of it isn't affordable.

Jun 20, 2023
There may be more supply, but it tends to cater to demand at the higher end of the income spectrum.
Over the past decade or so, new home construction slowed and still hasn’t caught up with demand.
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Apartment construction is booming, but it probably won't last

Jun 2, 2023
The Census reports that construction of multifamily homes, like apartment buildings, was up about 25% year-over-year.
The Census reports that construction of multifamily homes, like apartment buildings, was up about 25% year-over-year.
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New home construction ticked up in April, signaling a rise in demand

May 17, 2023
Most new homes are going up in the South and states like Utah and Nevada, where homes are generally more affordable than on the coasts.
New home construction has picked up in the Mountain West, where housing is generally more affordable than on the coasts.
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