Will new construction lower prices?

Adding new construction supply can ease price pressure in a specific area over time, but the actual effect depends on how much gets built relative to demand in that particular town or price band, not a general rule that always holds. A wave of new condos in one part of Alpharetta, for example, affects that submarket more than it affects Woodstock or Cartersville. Existing homes with unique features or locations may see less impact than a commodity-style new build. Ask Joel how new construction activity is affecting a specific area you are watching.