US EditionBuilders Cut Prices and Offer New Home Incentives as Affordability Gap Shrinks
10 Articles
10 Articles
Builders cut prices and offer new home incentives as affordability gap shrinks
The affordability gap between buying newly constructed homes and existing homes declined in the third quarter as builders look to capitalize on the uptick in demand with incentives.The price per square foot for a new-construction home is lower than the price for an existing home in the South and West in particular, according to Realtor.com's third quarter report on new construction. Both the South and West have more supply of new construction an…
Builders cut prices and offer new home incentives as affordability gap shrinks
The affordability gap between buying newly constructed homes and existing homes declined in the third quarter as builders look to capitalize on the uptick in demand with incentives. The price per square foot for a new-construction home is lower than the price for an existing home in the South and West in particular, according to Realtor.com’s third quarter report on new construction. Both the South and West have more supply of new construction …
New Homes Remain ‘Great Deal,’ but There Are Tradeoffs
A lack of inventory and an affordability crunch since the pandemic have affected the housing market in many ways, few of them positive for buyers. But one interesting dynamic remains pricing between new builds and existing homes—with existing homes historically much cheaper. Despite a welcome surge in inventory overall, the price of a new build… The post New Homes Remain ‘Great Deal,’ but There Are Tradeoffs: Report appeared first on RISMedia.
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