New-home construction is slowing in many major U.S. cities, with Austin, San Antonio and Orlando seeing the steepest declines ...

The Zillow analysis found residential building permits fell 1.7% from last year and are now running a record 19.4% below the pre-pandemic trend line. Detached single-family home completions declined ...

Builders are shrinking home sizes to keep prices within reach.

Builders are sustaining new home demand with rate buydowns funded by shrinking profit margins. With mortgage rates rising and completed units for sale no longer increasing, permits remain constrained.