If you have been dreaming of a new construction home that is modern, efficient, and move in ready, this season may be the most promising opportunity we have seen in years. Builders are offering more inventory and more incentives, giving buyers a rare chance to secure both the home they want and the deal they need.

For a quick breakdown of what is happening in today’s market and how it impacts you as a buyer, watch our video here:

📺 Watch on YouTube:
https://www.youtube.com/watch?v=GBrH0tiJIBs

Then come back to this post for a deeper dive into the numbers and the strategy.

Here is what is happening right now and why partnering with a trusted local agent at Don Reid Properties positions you to win in today’s new construction market.

1. There Are More New Homes Available Than Usual and That May Change Soon

Across the Richmond region and nationwide, new construction inventory is higher than normal. That means buyers today have access to:

• Newer cutting edge communities

• A wider selection of move in ready homes

• More floor plans and layouts

• Modern designs, premium finishes, and turnkey features

But this wave of options is not expected to last.

According to Zonda, builders have already started reducing the number of new home starts over the past few years. This helps prevent overbuilding, but it also signals something important for buyers: the peak of new home choices may be happening right now.

Forecasts show this gradual slowdown continuing next year, which means current inventory may represent your widest range of all new options for quite some time.

Redfin reports that roughly one in three homes, or twenty seven percent, on the market today are new construction. While this figure is higher than historical averages, it is the lowest share in four years, matching the trend of builder pullbacks.

If you want more choices when shopping for your next home, acting now gives you a clear advantage.

Why are builders slowing down? With more new homes available than usual, builders want to focus on selling what is already built instead of adding more. And that leads to the biggest opportunity buyers have today.

2. Builder Incentives Just Reached Their Highest Levels in Years

To help move their existing inventory, builders are offering incentives at some of the strongest levels we have seen in years. Many of these perks directly help buyers save money and improve affordability.

Today’s buyers are receiving:

• Lower purchase prices

• Closing cost assistance

• Complimentary upgrades such as premium finishes, appliance packages, and smart home features

• Mortgage rate buydowns that reduce your monthly payment

And these benefits are widespread. According to the National Association of Home Builders, sixty five percent of builders are offering incentives and forty one percent are cutting prices, which is the highest share in the post Covid market.

““NAHB expects the Fed to cut the federal funds rate at their meeting this week, which will help lower interest rates for builder and developer loans,” said NAHB Chief Economist Robert Dietz. “Moreover, the 30-year fixed rate mortgage average is down 23 basis points over the past four weeks to 6.35%, per Freddie Mac. This is the lowest level since mid-October of last year and a positive sign for future housing demand.””

— National Association of Home Builders

This shows just how motivated builders are at this moment. Incentives often decrease as spring buyer activity increases, which means acting before the rush gives you more negotiating power and more savings.

When you have an experienced agent representing you during a new construction purchase, you gain clarity, confidence, and access to better opportunities than if you walked in alone.

Take Advantage of This Window of Opportunity

With a wide selection of new construction homes and builder incentives at multi year highs, buyers may be experiencing the best time in years to purchase a brand new home.

If you want to explore:

• Which communities across Richmond, Chesterfield, Henrico and the surrounding areas are offering the strongest incentives

• Which local builders are negotiating the most

• How builder financing compares to traditional financing

• What kinds of savings and perks you may qualify for

Start here.

👉 Schedule your personal buyer consultation

👉 Visit our website to browse current listings and new construction opportunities:
https://www.donreidproperties.com

👉 Contact Don Reid Properties directly if you want expert guidance through every step of the building or buying process:

Call or text (804) 929 4475

Bottom Line

A brand new home may be more attainable than you think, especially with today’s rare combination of increased inventory and strong builder incentives. If you want to take advantage of this moment, you need an agent who protects your interests and negotiates on your behalf, not the builder’s.

If you could own a brand new home for less than you expected, would you want to explore your options? Let’s talk.