It's hard to miss the shift in new home construction across the country: building permits are now 19.4% below where they were before the pandemic, and we've seen a steady decline for the past 44 months. High construction costs, unpredictable mortgage rates, and real affordability challenges are making it tough for builders to meet demand—especially given the 4.7 million housing unit deficit nationwide.
For buyers and investors in Baltimore, this national slowdown shapes the local landscape in real ways. Whether you're a first-time homeowner, a seasoned investor, or exploring a new chapter here, it’s important to understand how tighter supply and affordability pressures might impact your options. Having spent years walking clients through Baltimore’s unique neighborhoods and market shifts, I know that finding the right fit takes more than just timing—it takes local insight and honest conversation about what’s really happening out there.
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