The campaign, which Realtor.com launched at SXSW in 2025, aims to encourage officials to take advantage of the 21st Century ROAD to Housing Act to streamline the homebuilding process. 

The reports show higher mortgage rates taking a larger share of household income while applications for new-home purchases are falling.

Homes built in 2020 or later cost 10% to 15% less to insure per square foot than homes built between 1980 and 2010.

New builds are about the same price as existing homes on the market, but that is not due to rising regulatory costs builders have to pay.

The seasonally adjusted annual rate of 628,000 homes topped Wall Street’s estimates. 

The median sales price of new homes sold in April rose 8% to $422,500 from $391,100 in March, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

Despite a monthly decline, the rate of new-home construction still came in above consensus estimates. 

Among the top 50 metro areas, Boston and Miami led the pack. 

Builder confidence saw a modest bump in May, but affordability challenges continue to weigh heavily on the housing market, according to new survey from the National Association of Home Builders. 

In a rare housing market shift, newly built homes saw price reductions more frequently than existing homes in late 2025 for the first time in recent history, according to a new report from Realtor.com.  

Affordability challenges continue to bedevil homebuyers, despite mortgage rates falling to a three-year low, the National Association of Home Builders reported. 

The pace of new-home sales hit an annual rate of 800,000, its highest level since January 2022. 

At the same time, completions of new single-family homes were on the rise last month, according to federal statistics. 

The upside surprise came despite monthly and yearly declines in the pace of sales. 

The single-family sector managed to eke out a slight monthly gain, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry.