Since the early 2010s, the home building industry’s role in the overall housing market has expanded materially. In 2011, new homes accounted for just 8% of total sales; by 2024, that figure climbed to a peak of 15%, driven by limited resale supply, builder incentives, and an aging housing stock.
New home share has eased more recently as a growing number of existing homes have come to market. However, new homes still represent a healthy 12% of sales nationally.
This quick hit examines where new construction continues to dominate and explains why this geographic concentration matters to the broader industry.
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