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New Builds vs Old Homes in 2024 | Albany News
Building a new home today means navigating rising material costs and a mountain of permits—sometimes totaling over $130,000 in fees alone. While lumber and concrete prices have ticked up slightly, the real squeeze comes from bureaucracy, strict codes, and environmental testing. Yet demand for new builds is surging as buyers crave customization and fresh starts amid a shrinking inventory of existing homes. Governor Hochul’s recent reforms aim to cut red tape, but builders say change is slow. In this shifting market, savvy buyers must weigh every option—and know what truly fits their budget…
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