The report shows an increase in inventory for new homes, reaching 500,000, marking a 7.8% annual growth. The median sales price has slightly decreased, offering affordability signs, yet high mortgage rates still hinder many buyers. Home sales have largely stabilized in 2025 amidst limited existing home availability. Builders are optimistic about potential regulatory reforms. Meanwhile, the impact of President Trump's steel and aluminum tariffs could complicate construction costs. The upcoming expiration of tariff updates adds further uncertainty to the market environment for homebuilders and buyers alike.
The total number of available new homes for sale hit 500,000, up 7.8% year over year, showing good news for prospective homebuyers.
Builders are hopeful that regulatory reform and tax policy extension will act as tailwinds later this year, aiding the housing market.
Home sales remain flat due to limited existing home inventory, although January saw a slight increase in existing home sales.
Trump's tariffs on steel and aluminum could impact building material costs, posing challenges for new home construction.
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