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Why We Need More Newly Constructed Homes

Ross Wilhelm

Ross is the Lead Buyer's Agent for the Crawford & Lee Team and has more than 23 years of experience in New Home Sales and a vast knowledge of con...

Ross is the Lead Buyer's Agent for the Crawford & Lee Team and has more than 23 years of experience in New Home Sales and a vast knowledge of con...

Feb 8 1 minutes read


The 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:

This should come as no surprise as the number of new housing starts has fallen dramatically over the last several years:

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.


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