New Home Building Slows Amid Housing Crunch | Charleston News

New home construction is grinding to a halt, with permits down nearly 20% since pre-pandemic levels—lowest in years. Builders are shrinking homes to keep prices manageable, but median new home costs still hover around $394K, while existing homes climb higher. The slowdown, especially in Sun Belt hotspots like Austin, reflects a cooling market as builders pause until demand catches up. But with millions of missing housing units nationwide, experts warn this pause could worsen future shortages and push prices even higher when demand rebounds. Meanwhile, the Midwest and Northeast struggle with high costs and limited land, leaving many areas starved for new homes despite population growth. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://wchstv.com/news/nation-world/new-home-construction-slows-even-though-housing-shortage-persists More coverage & latest updates:https://sources.thednn.ai/9e102832964e1f55 Report issues to [email protected].