One-Third of Homes on the Market Are New Builds, Nearing Record Levels
Tanner
May 21, 2024
The share of houses for sale that are brand new is hovering at nearly double the pre-pandemic rate. In the first quarter, 33.4% of single-family homes for sale in the U.S. were newly built. This figure is essentially unchanged from a year earlier but down slightly from a record-high 34.5% two years ago. Despite the
