My New Blog

New construction nationwide for entry-level homes typically represented a large % of the overall new single family homes. Now this % has fallen to single digits. One million renters are being priced out of the housing market. 
On the east end, new construction represents every thing above entry-level houses(1,400sf or less). However, builders on the east end are keeping track of nationwide statistics with inflation and higher interest rates slowing down traffic of prospective new home buyers. Builder confidence nationwide continues to fall with material costs up 19% except for lumber which has experienced recent declines due to the housing slowdown.