10/15/2026
New home construction is at a post-pandemic low. Sun Belt cities are especially taking a hit, where building permits have fallen anywhere from 10-25% in the last year, and construction costs and buyers who are being priced out of the market, are major contributors. Secondary contributors include costs for materials and fuel, lack of developable land, supply chain issues, and rising interest rates. While lumber and steel prices are not as high as they were in 2022, they remain exorbitant expenses affecting construction costs. The slump we are experiencing as we have in the past, affects almost all disciplines, including landscape architecture, and creates a ripple effect where we shift from designing new large scale residential communities and turn towards individual home remodeling, building or renovating public infrastructure, and high-end projects.
Sources:
https://www.newsweek.com/map-shows-cities-facing-new-home-construction-slump-12447341
https://landscapearchitect.com/landscape-articles/remodeling-trends-continue