September 17th, 2019

New Home Prices Going Down Making Them More Affordable

New Home Prices Going Down Making Them More Affordable

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Residential real estate developers in America are responding to a national slowdown in new home construction by building smaller homes that are more modestly priced. The demand for smaller, less expensive homes is growing, while the overall demand for new custom homes is declining. Prices decreased slightly, by about one-half percent, from the price levels in 2018 for newly-constructed homes.