Why We Need More Newly Constructed Homes

Dated: 01/03/2017

Views: 357

Image titleThe number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Here is a graph showing the percentages:New Construction


This should come as no surprise as the number of new housing starts (the beginning of construction of a new home) has fallen dramatically over the last several years:

Why We Need More Newly Constructed Homes | Simplifying The Market

Bottom Line

We need more new construction for two reasons:

  1. It will relieve some of the pent-up buying demand that is causing price appreciation to continue to increase well above historic norms.

  2. It will give better opportunities to many current homeowners who want to sell but can’t find an adequate home to move in to.


If you need any guidance with new construction, don't hesitate to reach out. I work directly with a builder, Urban NW Homes, and would be happy to assist you any way I can. 

William Miller - OR and WA Real Estate Broker

William is a Pacific Northwest native who has spent many years in the financial world in positions ranging from accounting to financial advising. He holds a Bachelors in Political Science and a MBA in....

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