01/15/2026
Would you buy a new construction home? Prices for newly built homes fell to a four-year low in the fall as builders cut prices, according to a report delayed by the government shutdown. The median price dropped to $392,300, down 8% year over year and the lowest since 2021.
About 40% of builders reported cutting prices and 67% offered incentives like mortgage rate buydowns, moves aimed at easing affordability pressures and attracting buyers back into the market.