Wednesday, November 30, 2022 | The Latest Buzz for the Appraisal Industry

New Construction Home Volume for Sale in Q3 2022 Set Record High

Twenty-nine percent of U.S. single-family homes for sale in the third quarter were new construction – the highest share of any third quarter on record, according to Redfin. That’s up from 25% in the third quarter of 2021 and 18% in the third quarter of 2020.

This dataset is seasonal, which is why Redfin compares the third quarter of 2022 with past third quarters. The share typically hits an annual peak in the first