Name: Why New Home Prices Are Falling Despite a Housing Shortage | Robert Dietz
Uploaded: 2026-06-22T21:44:31.000Z
Description: More homes are hitting the market, builders are offering incentives, and in many areas, new homes are now priced below existing resale homes. Yet affordability remains near multi-decade lows, and a growing share of young adults are stuck renting or living with their parents longer than past generations ever did.

Siyamak Khorrami has been the general manager and chief editor of the Southern California edition of The Epoch Times since 2017. He is also the host of the “California Insider” show, which showcases leaders and professionals across the state with inside information about trending topics and critical issues in California.

Siyamak Khorrami

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More homes are hitting the market, builders are offering incentives, and in many areas, new homes are now priced below existing resale homes. Yet affordability remains near multi-decade lows, and a growing share of young adults are stuck renting or living with their parents longer than past generations ever did.

Builders discounting their way through a slow season is only part of what’s going on.

The same forces that created the housing shortage in the first place, including regulatory costs, a shrinking pool of construction workers, and a lending environment that’s made it harder for smaller builders to operate, are still in play.

Robert Dietz, chief economist at the National Association of Home Builders, joins Market Insider to explain what’s driving the shift, how builders are adapting to a market where new and resale pricing have flipped, and what it would take to bring affordability back within reach.

<em>Views expressed in this video are those of the host and guest(s) and do not necessarily reflect the views of NTD.
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