Marketplace · Wednesday, July 1, 2026
Despite population growth in Richmond, Virginia, new home sales are reportedly lagging. This slowdown is attributed to an "affordability ceiling" and a scarcity of available land, which has not been seen in decades.
“Meanwhile, in Richmond, Virginia, people are moving to the area, but new home sales are lackluster.”
“Lizbeth says it's a result of an affordability ceiling they've hit. We have a scarcity of land that we haven't seen in decades.”