New Home Building Slows Nationwide | Salt Lake City News

New home construction is tanking—permits are down nearly 20% since pre-pandemic levels, with builders shrinking homes and lots to cut costs and speed up delivery. Despite these efforts, median new home prices hover around $393K, still lagging behind existing homes. The slowdown hits hardest in pandemic-boom cities like Austin, where demand has softened but the housing shortage remains. Meanwhile, Midwest and Northeast regions have long struggled with supply due to land and cost constraints. Nationwide, millions of housing units are still missing, leaving experts warning that when buyers return, prices could spike even higher. 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://kutv.com/news/nation-world/new-home-construction-slows-even-though-housing-shortage-persists More coverage & latest updates:https://sources.thednn.ai/5fecbeedbac39a43 Report issues to [email protected].