Buyers Enjoy Affordable Prices on New Homes Nationwide

New construction homes in the U.S. now offer better value per square foot than existing homes, with a national median of $205 versus $212 for resale properties. This shift is most notable in high-supply Sun Belt markets like Austin, Raleigh, and Tampa, where new homes sell at significant discounts. Elevated new home inventory has led to price cuts and incentives, while existing home supply remains low, keeping resale prices high.