That’s a great question. The simple answer is that the cost of construction has inflated at a much higher rate than property appreciation.
The biggest cost that we as builders have no control over is the price of land. Ten years ago you could purchase a beautiful pie lot for $60,000.000. Now you would be lucky to purchase one for $130,000.00. So yes, in the used market you can definitely find cheaper priced housing when comparing sizes. However, you don’t get the warranty, the ability to customize your finish, or the new home quality.