New Homes Coming to the Housing Market This Year
Brent Wells March 12, 2020
Brent Wells March 12, 2020
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will begin to come to market over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Construction Report, the number of building permits issued in January was 1,551,000. This is a 9.2% increase from December.
New inventory means more options. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explained how this is good news for the housing market – especially for those looking to buy:
“More construction will mean more housing inventory for consumers in the later months of this year. Spring months could still be quite tough for buyers since it takes time to convert housing starts into actual housing completions.”
More inventory means more competition. Yun continues to say:
“As trade-up buyers move into these newly completed homes in the near future, their existing homes will be released onto the market.”
Today, because of the tremendous lack of inventory, a seller can potentially anticipate:
If you’re considering selling your house, you’ll want to list sooner rather than later. This way, you’ll get ahead of this new competition coming to market and ensure the most attention toward your listing and the best price for your house.
Stay up to date on the latest real estate trends.
If you're not already familiar with the Celina story, the numbers speak for themselves.
EV-Ready Living. Light Farms offers electric car charging stations within the community.
Buying a new construction home is a fundamentally different process than buying a resale property.
You’re clearing multiple rooms, a garage, attic, shed, or light remodel debris.
You find yourself only using part of the house while the rest collects dust.
Keeping the same flooring throughout the main living areas helps create a smooth, cohesive flow.
Overpricing, even by a little, can cause a listing to sit stale — which often leads to price drops.
Every week I am visiting with many new homes sales associates and I am hearing a consistent story.
North Sky is a June 2025 favorite, with new contemporary homes featuring open layouts and smart tech.
We'd love to hear from you! Whether you're buying, selling, or just exploring your options, we're here to provide answers, insights, and the support you need. Contact us and start planning your next move.