Newly constructed single-family dwellings have reached the highest share of all homes for sale, according to a new report from Redfin.
The newly built homes accounted for 34.1% of all single-family homes for sale last year, up from 25.4% in 2020. Redfin says the surge began in mid-2020.
The 2021 hike in newly constructed homes is part of a larger push over the past ten years for them to take up an increasing portion of US housing inventory.
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