🏠Real Estate & Construction Updates – June 2025
📉 U.S. Builder Sentiment Drops
Homebuilder confidence hit a 2½‑year low in June, with the NAHB index falling to 32 (May was 34). Builders are cutting prices and offering incentives amid high mortgage rates (~6.8%) and weak buyer traffic [oai_citation:0‡cyberchimps.com](https://cyberchimps.com/wordpress-themes/business/real-estate-construction/?utm_source=chatgpt.com).
🏡 Housing Slump Deepens
New home construction fell ~10% in May—the slowest pace in 5 years. Factors include softer demand and rising costs due to tariffs and labor shortages .
📢 Buyer’s Market Emerging
U.S. listings are at their highest level since 2019. Inventory is up ~28% YoY, with price cuts on 20% of homes—creating strong leverage for buyers .
🏗️ Luxury & Adaptive Reuse
Opulent “megamansions” continue to rise—with ultra high-net‑worth clients pushing for over‑the‑top amenities, but facing cost and labor disruptions .
Meanwhile, office-to-residential conversions in NYC are estimating a net reduction of ~23 M ft² of office space by end-2025 .
📊 Market Snapshot – June 2025 Blog
A June 18 market update notes:
• Rising inventory in all regions—higher than pre‑2020 in South & West.
• Slower sales and longer days on market—more listings expiring.
• Pricing now more sensitive: correct pricing is key . Source: NAHB, Commerce Dept., Realtor.com, HumRealEstate Blog
