I find it fascinating because with the cost of building materials rising so fast vs. existing homes sitting stagnant and at really good prices the only few homes being built are large trophy types around here.
In fact I haven’t seen but a couple of homes around me being built in years now.
They are building 3 new single family homes right behind us. They recently sold 3 new ones and as they sell one they start another. So they are building again but cautiously. The days of building an entire subdivision first and selling it later are gone.