Overview

New construction is a critical sector of the housing market. Parcl Labs provides insights into new construction trends, including new construction shrinkflation, the Build-to-Rent (BTR) segment, and region-specific new home price performance.

The New Construction endpoint category enables you to analyze supply and demand dynamics for new construction in any US market.

Data Coverage

Category	Coverage
Property Types	✅ Single Family ✅ Townhouses ✅ Condos ❌ Other
Markets (parcl_ids)	🇺🇸 All US Markets
Housing Events	✅ Sales ✅ For Sale Listings ✅ Rentals
Refresh Frequency	✅ Monthly
History	Sales: January 2019-Current New For Sale and Rental Listings: September 2022-Current

Analyze new construction contribution to supply

Getting Started

Ways you can leverage endpoints today:

Use the New Construction Housing Event Counts endpoint to track new construction supply and transactions in any US market.
Analyze prices for new construction sales, new for sale listings, and new rental listings with the New Construction Housing Event Prices endpoint.

How We Define New Construction

Parcl Labs' new construction methodology focuses on newly completed homes. We index these properties using an approach based on the year they were built.

The strength of our approach is our multi-source data sourcing strategy. No single source has:

All newly constructed homes.
Reliable data about their year built and construction.

It’s important to note that the most cited source for US new construction data — the US Census — is based on survey data.

Our methodology aggregates data from many sources and leverages a metadata reconciliation algorithm to obtain the most accurate year built information. We also capture and present the lifecycle of how each unique new construction unit has appeared in the housing market, from the original listing, transaction (e.g., from homebuilder to investor), to rental events (i.e., BTR activity).

Parcl Labs' new construction metrics do not currently integrate data on lots, permits, and housing starts.

Other New Construction Analytics and Coming Soon

Available Now: Unit Level New Construction Data

Track new properties and construction events at the unit level via the property endpoints. Use this index to build custom signals related to new construction.

Coming Soon

The following new construction-related data is on our short-term roadmap:

Additional metrics on new construction, including new construction stock by market.
Land data.