February 2023 market archive. The original article suggested considering newly built homes alongside resale listings during a period of constrained national inventory. That remains a useful comparison to make where both options exist, but the historical evidence below does not establish current Telluride supply or a builder incentive available to you.
The original Census-attributed graphic shows single-family housing units completed, with a historical average line and a callout describing 14 years below a 52-year average. Completions are not housing starts, permits, unsold inventory or a forecast. The graph has no printed annual values or numeric vertical scale; it cannot establish the number of available homes in a particular town. Compare the relevant series in the Census construction data when making a numerical claim.
A national production comparison also does not quantify a local shortage by itself. Housing need depends on household formation, location, property type and the existing stock, among other factors.
In a January 20, 2023 analysis discussing December 2022, First American’s Mark Fleming described limited existing-home inventory and cited a report that nearly two-thirds of builders offered incentives. The examples included mortgage-rate buydowns, paying points and price reductions. This was national commentary at that time, not a current survey of Telluride builders.
The original article also quoted HousingWire analyst Logan Mohtashami on builders working through backlogs after mortgage rates increased. A backlog is a dated construction or sales condition; it does not prove a specific seller will discount a finished home.
First American’s February 3, 2023 affordability analysis compared a one-percentage-point rate decline with an 11% house-price decline using its Real House Price Index framework. It excluded income changes in that comparison and discussed a December 2022 rate baseline. This is a model-specific comparison, not a universal loan calculation or an actual reduction in a home’s contract price.
Ask the lender to show the payment, cash to close, annual percentage rate and total costs with and without the incentive. Find out whether the buydown is temporary, when the payment changes, who funds it and whether using a particular lender is a condition. Compare the same loan amount and term.
Contact Mountain Rose Realty to compare available properties and the questions to take to the builder, lender and other advisers. A national incentive headline does not determine which home or financing arrangement fits.