
This episode discusses the current state of the housing market, focusing on new home prices, affordability, and construction challenges. Key topics include the comparison of new homes to existing homes, the decrease in home sizes, and the impact of land availability and skilled labor costs on construction.
The conversation highlights that new homes are not priced higher than existing homes for the first time, indicating construction firms are attempting to build more affordable options. However, despite these efforts, affordability remains a significant issue.
Listeners learn that the size of new homes has decreased by 6% over the last three years, yet the overall affordability is at a 40-year low. This situation presents challenges for younger generations trying to enter the housing market.
New home prices are not higher than existing homes, but affordability remains a major issue for young buyers.

The Young Generation are having such a difficulty in becoming homeowners.Housing market: What the prices of new vs. existing homes tells us