Lately, I’ve been noticing a real shift in the value offered by new construction homes across the country. Builders are responding to a tight market by cutting prices and offering buyer incentives—things like mortgage rate buydowns or other perks that you usually won’t find with resale sellers. With many homeowners staying put due to their current mortgage rates, the pool of existing homes for sale remains limited. This makes new builds stand out even more for buyers weighing their options. In areas where construction is more active, we’re seeing increased competition among builders, which puts downward pressure on prices and expands affordability. It’s a good reminder: if you’re comparing new and resale homes, look closely at the incentives and flexibility builders can provide. That said, these affordability gains may not stick around. If local permitting continues to slow, new supply could dry up, limiting buyer choices in the future. From my years working with a wide variety of loan programs, I’ve seen how vital it is for buyers to have options. The healthiest markets are those with both strong new construction and clear pathways for buyers to access the loans that fit their needs.
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