The median sales price of new homes sold in April rose 8% to $422,500 from $391,100 in March, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

Despite a monthly decline, the rate of new-home construction still came in above consensus estimates. 

Among the top 50 metro areas, Boston and Miami led the pack. 

Builder confidence saw a modest bump in May, but affordability challenges continue to weigh heavily on the housing market, according to new survey from the National Association of Home Builders. 

The 2026 National Housing Supply Summit was held in Washington, D.C., on March 18.

Illinois REALTORS® applauded the proposals, saying they “mirror the core pillars of Illinois REALTORS®’ legislative platform since 2020.”

Affordability challenges continue to bedevil homebuyers, despite mortgage rates falling to a three-year low, the National Association of Home Builders reported. 

Leaders from Chicagoland developers Lexington Homes and AK Custom Homes share their construction predictions.

Units in the 40-townhome community start at $449,990. 

The 18-acre development will offer 35 new-construction homes in the west-suburban community. 

The pace of new-home sales hit an annual rate of 800,000, its highest level since January 2022. 

At the same time, completions of new single-family homes were on the rise last month, according to federal statistics. 

The project will offer a total of 294 rental residences — 245 apartments and 49 rental townhomes — and 13,000 square feet of commercial space. 

Two years ago, Dawn McKenna Group made a key investment in its future: the creation of a dedicated division to support the growing demand for new-construction sales. That decision positioned the company to continue to scale nationally and internationally

For real estate agents eyeing a leap into new construction and investing, Joe Kotoch, a seasoned Chicago-based real estate strategist, offers a road map built from years of hands-on experience.

The View will bring 573 apartments to the 310-acre super-regional, mixed-use project, the Rock Run Collection.