This is still mostly the case for single family homes. There is some uptick in resale of “used” homes built since the 2000s, as construction standards have impr

This is still mostly the case for single family homes. There is some uptick in resale of “used” homes built since the 2000s, as construction standards have improved dramatically since then, relative to prior years. For additional context, there is very lax enforcement of home building standards for anything single family, both to encourage new construction and because the general principle is it will be torn down in 20-30 years, so why bother. This is of course also leads to a bit of a vicious cycle (which some see as wasteful) where it’s safer to tear down and build new because who knows how whatever you’re buying was built.