Why Newly Built Homes Matter in Your Home Search

Feeling hesitant about selling your house because you're unsure if you'll find your next home in today's market? Don't worry, you're not alone. But, there's some encouraging news that might just put your mind at ease. New home construction has seen a significant increase and is now a major contributor to housing inventory.

So, as you contemplate listing your house this summer, don't forget to consider newly built homes. They can significantly broaden your options for your next move.

A Surge in New Home Inventory

Newly built homes currently represent a near-record percentage of total homes available for sale (see graph below):

In fact, as the data shows, newly built homes now make up 31% of the total for-sale inventory. To put that into perspective, the average percentage of total housing inventory that was newly built homes was only around 13% from 1983 to 2019.

That means the percentage of the total available homes that are newly built is over two times higher than the norm.

Why You Should Care

While the total supply of homes for sale remains low, it's more important than ever to explore all your options. New-home construction has emerged as a significant player in increasing inventory. Plus, recent data shows it’s gaining even more momentum with more newly built homes are underway and coming to the market in the months ahead.

Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), underscores the importance of newly built homes for those looking to buy in today’s housing market. Dietz states:

"With limited available housing inventory, new construction will continue to be a significant part of prospective buyers' search in the quarters ahead."

Don’t risk missing out on great opportunities to find your ideal home by overlooking this growing market segment. Since new home construction accounts for roughly 31% of total for-sale inventory, you could be cutting nearly one in three options from your search if you don’t consider newly built homes.

If you're planning to make a move, I'm here to help you sell your current house and explore newly built options in your area. With my expertise, I can handle both sides of the process so you can transition smoothly from your current house to your brand-new dream home.

Final Thoughts

Now’s the time to sell your house and benefit from the momentum that’s building in new home construction. Let’s connect so you have a guide throughout the selling and buying process. Together, we can turn your dream of transitioning to a newly built home into a reality.