New Homes Now Undercut Resale Prices — a Rare Reversal

New construction now sells below resale prices, flipping the usual builder premium, Straight Arrow News reported in August 2025. Builders offer mortgage rate buydowns and closing-cost coverage — concessions resale sellers can't match. NAHB data shows nearly 4 in 10 builders still cutting prices at 6% through July 2026. The inversion persists, pressuring existing-home values and compressing resale volumes.