More than 32% of the homes sold last quarter were new construction

Redfin CEO Glenn Kelman is optimistic that the U.S. can fix the housing supply shortage as states deregulate housing. Kelman: States deregulating housing will help solve the housing shortage. Redfin: States can help solve America's housing shortage by deregregulating the housing market.

Nearly 32% of homes sold last quarter were new construction. Prospective homebuyers are choosing new construction homes as sellers hold onto their homes, waiting for interest rates to drop. Redfin: Nearly 30% of the homes sold in the past quarter were homes built in new construction.