Fall 2023 New Construction Market Update

calendar icon Wednesday, October 25, 2023 clock icon 2:00 PM - 3:00 PM CDT

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Join us for an update on what’s new with new construction:

1.	New homes continue to ease the inventory shortage
    •	33% of homes for sale are newly built – 3X average.

2.	Many builders are addressing affordability
•	Mortgage rate buy-downs, funds toward closing costs.
•	Reducing prices via smaller homes and ‘must-have’ vs. ‘nice to have’ features. 

3.	Key buyer segments driving new home sales.

4.	Top markets – including hot relo markets and what’s driving moves now.

5.	Builder sentiment – what’s ahead for new homes this Fall and in 2024

Join Jay McKenzie and the New Home Source Professional Agent Outreach Team for actionable insights to help you best assist your buyers considering newly built homes.