Most home buyers who are considering a purchase of a new home are interested in getting as much value as possible.
Over the past couple of years we have seen the market value of existing homes fall. At the same time the costs of building supplies has continued to rise. Builders of new construction are largely unable to meet the prices of resale homes. As a result we are seeing fewer new homes being built.
In other words, right now the value will usually be in the resale home, but there are still those buyers who have to have a new home built to their specifications.