Q3 New Home Construction Reaches Highest Share on Record

October 31, 2023 Demetria Lester

The number of homeowners putting their houses up for sale has decreased as mortgage rates hit a 23-year high, according to a new Redfin report. The study showed that nearly 31% of U.S. homes for sale are newly built—but a slowdown may be on the horizon. Click through to learn why.

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Q3 New Home Construction Reaches Highest Share on Record
Q3 New Home Construction Reaches Highest Share on Record

The number of homeowners putting their houses up for sale has decreased as mortgage rates hit a 23-year hig...