As Americans struggle with high home prices and mortgage rates, an affordable housing option may be hiding in plain sight. In some areas of the country, new home builders have ample inventory, are motivated to negotiate price, and might offer lower mortgage rates. The benefits of buying a new home depend on where you live New construction homes can come in several varieties: Brand-new, recently completed ("quick move-in") homes Under-construction homes (you may have an opportunity to make some desig ...