After rising more than 40%, the average price of a newly constructed home has been flat for 3 years.

After rising more than 40%, the average price of a newly constructed home has been flat for 3 years. pic.twitter.com/OYEnbH9IS6

— Eric Basmajian (@EPBResearch) January 13, 2026

Pretty flat. About 1% annualized growth last three years. pic.twitter.com/0pv0BUC19i

— Eric Basmajian (@EPBResearch) January 13, 2026

You’re correct about margins exploding, but they’ve been declining for 3 years, down almost 800bps.

Still above pre-2020 levels though. pic.twitter.com/8hKWC9DCsa

— Eric Basmajian (@EPBResearch) January 13, 2026