Nearly one-third of homes for sale are new builds

  Source: Redfin [According to Redfin](https://link.mail.beehiiv.com/ss/c/bqhIlGL7T9NglJeTcgo-tiZ3q8Ozl-pHlPPkxo0T3JHXbgzuz7NptxByGhEZrzR-02tY9wfkmoPRGBvXQORqZPR-ck-FkcvYfuXdN5A5kmPKKVNV9w2ppQ9ASuB4zPp3OtxblU3U5MRztpJxDj-9O5uuCRVRfs2rROwEWWipP9Gxs-PiuMdbkGUQmud7zoYcMWmZMyRJ2_iKBM0UPVJaa1nZc2Foh-Uc1YNdqiH3QKw/43i/yzFZYS8vT0KM1KeyruMX-g/h9/PGosxb9c1TCNUvRpX-PR1sVyuLV1xg2pk3My9JV7O3g), 31.8% of U.S. single-family homes for sale nationwide were new construction in Q4, comparable to 31.9% last year. For perspective, 34.5% is the highest share of any quarter on record in Q1 2022. Not only are home builders offering below-market mortgage rates right now, but they’ve also increased the price of starter homes. In 2022, 42% of new single-family homes sold for $500,000 or more, up from 30% in 2021 and 18% in 2020. #### **Our take** Just look at the graph. Ten years ago, newly-built homes barely accounted for 10% of the homes sold. Even before the Great Recession, during the housing boom peak, they topped out at around 17% or 18%. Now they account for nearly a third of the homes sold in the nation. That’s a staggering amount. This just demonstrates why every agent needs to incorporate a developer and homebuilder component into their overall strategy. Otherwise, they’re leaving massive amounts of commissions on the table. James and David, The Blueprint