"President Donald Trump recently put pressure on homebuilders to increase construction nationwide, given the issues with construction in the country. 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."
"Realtor.com's analysis gave Tennessee a total score of 53.1, one of the highest in the country. The state's median listing price was $433,987 in 2024, paired with a median household income of $66,631. The Realtors Affordability Score came in at 0.55, showing that while housing costs have risen, many listings are still far from attainable for middle-income households. On the construction front, Tennessee continues to outperform."
Strong migration, robust job creation, and steady new construction are driving rapid housing market growth in Tennessee. Realtor.com State-by-State Housing Report Card gave Tennessee a C and a score of 53.1, reflecting active homebuilding alongside moderate affordability. The state's 2024 median listing price was $433,987 and median household income $66,631, producing a Realtors Affordability Score of 0.55 that indicates many listings remain out of reach for middle-income households. Tennessee accounted for 4.1% of national housing permits in 2024 while comprising 3.1% of the U.S. population, yielding a permit-to-population ratio of 2.1%. The new construction premium was 15.3%, signaling builders are delivering relatively competitively priced new homes.
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