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U.S. housing market
Trends
- 1New homes still cheaper than resales in many US markets●New homes still cost less than resales in many U.S. markets
New homes are still priced below existing homes in many U.S. markets, according to a report by HousingWire. The reversal of the typical price gap between new and resale housing is being noted amid elevated mortgage rates and builder incentives, which have pushed builders to discount or buy down rates while existing-home inventory remains tight and resale prices stay high.