In today’s real estate landscape, newly built homes have become a significant portion of available properties for sale. According to a recent report by Redfin, 33.4% of single-family homes on the market in the first quarter were new constructions, nearly double the pre-pandemic levels. This shift is primarily due to a reduction in resale inventory rather than a substantial increase in new home construction, which remains steady at around 1 million single-family homes annually.
For prospective homebuyers, new builds present unique opportunities and considerations: For more details, visit Construction Today