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New Construction Offers a Boost in Home Affordability, but Tariffs May Stall Progress - PressReach

Summary by pressreach.com
New-home buyers pay lower mortgage rates, by about half of a percentage point New construction median list prices dip and shrink the price gap with existing homes to its lowest level since 2020 Builders are delivering smaller, lower-priced homes in 26 of the top 100 U.S. metros AUSTIN, Texas, May 8, 2025 /PRNewswire/ — New homes are offering an affordability edge in today’s challenging housing market, according to the Realtor.com® New Constructi…
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New Construction Offers a Boost in Home Affordability, but Tariffs May Stall Progress - PressReach

New-home buyers pay lower mortgage rates, by about half of a percentage point New construction median list prices dip and shrink the price gap with existing homes to its lowest level since 2020 Builders are delivering smaller, lower-priced homes in 26 of the top 100 U.S. metros AUSTIN, Texas, May 8, 2025 /PRNewswire/ — New homes are offering an affordability edge in today’s challenging housing market, according to the Realtor.com® New Constructi…

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LBM JournalLBM Journal

Prices for new homes continue to drop as existing rises

While overall home prices remain elevated compared to historical norms, new home prices have moderated due to builder business decisions, but existing home prices continue to increase because of lean supply.

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LBM Journal broke the news in on Wednesday, May 7, 2025.
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