The U.S. faces a shortage of nearly 4 million homes after a decade of underbuilding, and at the current pace, it could take 7 years to close this gap. Running up new construction will be key to closing the housing gap. However, some homebuyers may be skeptical of new build home sale price compared to existing home. But some buyers considering new construction are wondering: are new homes really more expensive than existing ones? While new construction may seem pricier upfront, it can actually save you more money in the long run. What to know when buying new construction: rltor.cm/ncmyths