0958 ET - The U.S. housing markets delivering the best combination of availability, affordability, sustainability and demand for newly built homes are being led by Fayetteville, Ark., and Boise, Idaho, Realtor.com says. With the U.S. facing a housing shortage of nearly 4 million homes, new residential construction is critical to restoring affordability and expanding access to homeownership. Realtor.com says nearly half of the for-sale homes in some of these metros are new construction, often being sold at or below the cost of existing homes. Buyers in these areas have a real chance to find homeownership with high-quality, newly built homes at prices they can afford. In some markets, such as Fayetteville and Raleigh, N.C., newly built homes now make up over 40% of for-sale listings, and are often priced below or on par with older homes. (chris.wack@wsj.com)
(END) Dow Jones Newswires
August 20, 2025 09:58 ET (13:58 GMT)
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