Key facts
- New residential construction in the U.S. has slowed to its weakest pace in six years.
- Builders are prioritizing selling off their current new homes inventory.
- Sluggish demand is cited as the reason for the slowdown.
New residential construction in the United States has declined to its slowest rate in six years. This slowdown is attributed to homebuilders focusing on selling their existing inventory of new homes, a strategy driven by persistently sluggish demand in the market. The current market conditions indicate a shift in builder priorities from initiating new projects to clearing existing stock.