It’s striking to see just how much new home construction has slowed across the U.S. — permits are now 19.4% below pre-pandemic levels, with declines stretching for 44 consecutive months. Builders are feeling the squeeze, facing higher costs, rising mortgage rates, and ongoing affordability challenges, all while the nation still has a 4.7 million housing unit deficit. As someone who’s spent more than two decades navigating both traditional and REO markets, I see firsthand how these shifts ripple through every part of the homebuying and selling journey. For buyers and sellers alike, understanding the landscape is crucial. The current construction slowdown isn’t just a statistic — it’s a real factor shaping opportunities and challenges in today’s market.
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