"New Mexico's housing market sits at a critical turning point. Demand is strong, but supply remains far behind, leaving many families priced out. Realtor.com® State-by-State Housing Report Card gave the Land of Enchantment a C-, reflecting a market where affordability is slipping and new construction hasn't kept pace. The report-part of the Let America Build campaign-grades states on how well they balance homebuilding and affordability."
"In a post on his Truth Social platform in early October, he accused major builders of hoarding lots to prop up prices-likening them to OPEC, which restricts oil output to maintain high prices. "They're my friends ... but now, they can get Financing, and they have to start building Homes. They're sitting on 2 Million empty lots, A RECORD," Trump wrote. He urged Fannie Mae and Freddie Mac to intervene and "get Big Homebuilders going" to "restore the American Dream.""
New Mexico's housing market shows strong demand while new construction lags, producing affordability pressures that leave many families unable to buy. Realtor.com assigned the state a C- with a 2024 median listing price of $392,571 versus a median household income of $61,656, and a Realtors Affordability Score of 0.57. New Mexico accounted for 0.5% of national housing permits while representing 0.6% of the U.S. population, yielding a permit-to-population ratio near 0.83. The new construction premium was 2.4%, indicating new homes are scarce. National calls for builders to increase construction aim to expand supply.
Read at SFGATE
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