New Homes Now Sell at a Discount in 17 U.S. Cities as Builders Cut Prices Amid Rising Inventory

New homes used to carry a premium. In 17 U.S. cities, they now carry a discount.
Builders are dealing with rising inventory and a sales slump, so they have been cutting prices and offering incentives to attract buyers.
It is not the case everywhere. In places where new construction is rare, new homes still usually cost much more.