We're seeing a noticeable slowdown in new home construction across the U.S., with building permits now 19.4% below pre-pandemic numbers and a downward trend that’s lasted 44 months. For those navigating today’s market—whether as first-time buyers, investors, or anyone in between—this means tighter inventory due to ongoing challenges like high costs, rising mortgage rates, and affordability pressures. With a 4.7 million housing unit deficit, it’s more important than ever to understand how these shifts can impact your real estate decisions. Having spent nearly two decades immersed in both residential and commercial real estate, including new construction, I keep a close eye on these trends to provide my clients with the best guidance possible through every step of the process.
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