Analyze new construction supply and price trends
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 |
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.
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.
- Unit-level data that includes our new construction index.