Tariffs? Or is it Just the Economy? Why Developers Are Pulling Back
Jun 18, 2025•13 min•Ep. 1723
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Episode description
New home construction fell nearly 10% in May — the slowest pace since May 2020 — as rising inventory and softening demand push builders to scale back. At the same time, millions of baby boomers are refusing to sell, tightening up supply for younger buyers. With completions still rising, buyers may gain short-term leverage, but structural inventory challenges remain.
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