Rents and venture capital funding were also down significantly in the first quarter.

A Realtor.com analysis finds buyers of new construction save more than $25,000 over 10 years through reduced energy use and maintenance, with building codes and climate driving wide state-by-state gaps in value.

Tenant improvement allowances jumped to roughly 75% above pre-pandemic levels during the first quarter as landlords compete for tenants.

Supply is constrained in North Downey, with just a few 100+ communities in the area.