In 2024, modular and panelized construction accounted for just 3% of all single-family homes built during this time. However, some parts of the US—such as the Midwest and Northeast—are seeing these construction techniques used more frequently.
Migration patterns have changed since the early days of the pandemic housing boom, with more Americans now interested in large cities, such as New York, Los Angeles, and Chicago.
From June 2021 to June 2025, the share of listings that received price cuts grew from 11.4% to over 25%. Some cities, however, saw that share reach upwards of 35%.
With mortgage rates unlikely to fall significantly in the near future, many buyers—especially Millennials and Gen Zers—are buying with hopes to refinance later on. More than half of those surveyed say that refinancing is important for their long-term financial health.
