Why December Is the Best Time to Buy a New Construction Home

Why December Is the Best Time to Buy a New Construction Home

Market trends indicate that December is consistently one of the best months to get a great deal on a new construction home. And this year, the deals are better than ever before! With only a few weeks left in the year, builders are anxious to sell off their existing inventory before the end of the year. They’re offering fantastic deals and incentives on new construction homes, making it easier than ever for homebuyers like you to turn their dream of owning a new home into a reality. Read on to learn more!

The Backstory

Let’s start by talking about the events in the housing market this year that led us to where we are now. We began 2022 in a highly competitive market. Available houses were in short supply, and buyers were forced to pay well above asking price to buy a home. When the Fed began increasing interest rates in the second half of the year, buyers quickly began backing out of the market. Further mortgage rate increases, along with economic uncertainty,  brought about a substantial fall in demand and an increased supply of homes on the market.

the housing market

As we get close to the end of the year, builders are finding themselves in a predicament. Actual sales have fallen short of projections, and they are now left with more move-in-ready new homes than they can sell before the year is out.

Why Builders Want to Sell Off Their Existing Inventory

Most new home builders plan for sales and revenue according to the calendar year and obtain financing accordingly. Any inventory they carry over into next year will require additional unplanned interest payments and may even incur penalties from their lender. For this reason, many home builders are doing everything they can to sell their existing inventory as quickly as possible and avoid incurring additional expenses next year.

What Types of Deals and Incentives Are Available?

New home builders are offering exceptional deals and incentives on move-in ready new homes sold before December 31. Think of it as a Christmas gift from the builder to you! Here are some of the best incentives available right now:

  • Up to $115,000 savings on a new home purchase
  • Up to $75,000 toward closing costs
  • Up to $20,000 toward a mortgage
  • Up to $60,000 toward design center upgrades
  • Up to $50,000 in financing incentives
  • Up to $50,000 in flex cash
  • Up to $10,000 in freebies
  • Interest rate discounts
  • Free appliance packages
Christmas gift from the builder

Start Searching for a Great Deal on a New Construction Home Today!

As you can see, home builders are giving away free money right now! But all of these incentives are only valid until December 31, 2022, so you need to act fast!
NewHomesMate is the only platform where you can view and compare all new construction homes and builder incentives available on the market today. On our platform, you can also schedule in-person and virtual tours of new homes and communities and get access to local agents who are experts in the new construction housing market. Start searching for your new construction home today and turn your dream of owning a new home into a reality with NewHomesMate!

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