Newly Built Homes Make Up 26% of All Single-Family Homes for Sale

Redfin says new construction is taking up a bigger piece of the pie as low mortgage rates and surging homebuyer demand made homebuilding more attractive during the coronavirus pandemic. In fact, they report that newly built homes make up 26% of all single-family homes for sale – which they say is a record high. In addition, in Q1 2021, 25.7% of single-family homes for sale in America during were new-construction homes – up from 20.4% in the first quarter of last year. Continue reading HERE...