Navigating the U.S. Housing Market Shortage: What It Means for Arlington, Bethesda, Chevy Chase, Falls Church, McLean, Potomac, Vienna, and Washington DC

1.5 million homes shortage in the United States per freddie mac

The recent analysis by Freddie Mac reveals that the U.S. housing market is currently 1.5 million units below a balanced market, highlighting a significant undersupply of homes available for sale and rent. This trend has critical implications for both buyers and builders, especially in high-demand areas like Arlington, Bethesda, Chevy Chase, Falls Church, McLean, Potomac, Vienna, and Washington DC.

Understanding the Housing Market Imbalance

The Freddie Mac report emphasizes that the current housing market is characterized by a notable undersupply. Historically, the market has fluctuated between periods of oversupply and undersupply, with significant peaks and valleys.

Since the 2008 financial crisis, the market has seen a continuous reduction in the number of available housing units, culminating in the current shortage.

This shortfall means that demand for homes outstrips supply, driving up competition and prices.

What This Means for Home Buyers in the DMV Area

For potential home buyers in Arlington, Bethesda, Chevy Chase, Falls Church, McLean, Potomac, Vienna, and Washington DC, this market imbalance means higher competition for fewer available homes.

Buyers need to be prepared to act quickly and decisively to secure their dream home.

Partnering with a knowledgeable real estate developer and having financing pre-approved can provide a significant advantage in this competitive market.

Opportunities for Custom and Speculative Home Building

As a leading builder of custom and speculative homes in these sought-after areas, Paramount Construction, Inc. is uniquely positioned to address this housing shortage.

Here’s how:

Largest List of Tear Down Lots

We have the largest list of teardown lots in Arlington, Bethesda, Chevy Chase, Falls Church, McLean, Potomac, Vienna, and Washington DC.

This extensive selection ensures that your new home will be located in a prime spot with access to excellent schools, amenities, and vibrant communities.

Custom Homes Tailored to Your Needs

We specialize in designing and building luxury custom homes that cater to the specific needs and preferences of our clients.

Our team works closely with you to create a home that reflects your unique style and meets your highest standards of quality and comfort.

Speculative Homes Ready for Purchase

In addition to custom homes, we also build speculative homes designed to meet the demands of discerning buyers. These homes are under construction or move-in ready, offering modern amenities, high-quality construction, and beautiful design.

Innovative Building Practices

Our commitment to using the latest building technologies and sustainable practices ensures that your custom or speculative home is not only beautiful but also energy-efficient and environmentally friendly.

The Benefits of Building or Buying a Home in an Undersupplied Market

In a market with limited available housing, building a custom home or purchasing a speculative home offers several distinct advantages:

  • Personalization: With custom homes, you have the freedom to design every aspect of your home, from the layout and architectural style to the finishes and fixtures.
  • Modern Amenities: Both our custom and speculative homes are equipped with the latest technologies and conveniences, offering a higher quality of living.
  • Investment Value: Homes in desirable locations like Arlington, Bethesda, Chevy Chase, Falls Church, McLean, Potomac, Vienna, and Washington DC tend to appreciate in value, making them a sound investment.
Spec homes for sale in Bethesda
Bethesda home for sale near Walt Whitman High School

Partner with Paramount Construction, Inc. for Your Custom or A Home Under Construction

Navigating the current housing market can be challenging, but with Paramount Construction, Inc., you have a trusted partner dedicated to making your dream home a reality.

Our expertise in custom and speculative home building, combined with our extensive list of teardown lots, makes us the ideal choice for discerning buyers looking to build or purchase a luxury home in these prestigious communities.

Contact us today to learn more about our custom and new homes under construction building services and how we can help you take advantage of the opportunities in the current housing market. Let’s build the home of your dreams in the DMV area.

Here’s a related post about the imbalance for new homes in Washington DC.
Looking for building lots in the DC area?

More new homes under construction for sale and lots for sale:
*Chevy Chase – 4812 Chevy Chase Blvd. – downtown Bethesda – under construction
*McLean – 15K SF lot – McLean HS – private list – call or text to learn more 301-370-6463
*Bethesda – 1/2 Acre – Churchill HS – private list – call or text to learn more 301-370-6463
*McLean – 17,800 SF Flat lot – McLean HS
*Bethesda 6008 Kirby Road – 12,700 SF lot – Walt Whitman HS – new home to be built
*N. Arlington 6317 Street N. – 13,000 SF – Yorktown HS – new home to be built
*Bethesda 6820 Marbury Road – 11,500 SF lot – Walt Whitman HS – under construction
*Bethesda – 4922 Earlston Dr. – Bethesda blocks to Westbard Square – under construction

New Home Services:
*Access our wholesale acquisitions list & beat the competition – call 301-370-6463
*How much does a new home cost? Find out here

Hello and Welcome to Paramount Construction.

Here’s a short video introduction to our process of designing 
and building a new home on one of our building lots in Arlington,
 Bethesda, Chevy Chase, NWDC or Falls Church:





Want to set up a meeting? Call Rob at 301-370-6463 or email


Great opportunity to live in comfortable existing home on 1/2 acre flat
gorgeous lot in McLean. McLean High School, Longfellow Middle School and
Franklin Sherman Elementary School. Priced at just $1.099M
Open House Sunday March 3 from 1 p.m. to 3 p.m.





Call Lori Maggin at 301-520-9518 For More Information on this McLean home for sale


Are you searching for a tear-down lot in Arlington, McLean, Bethesda, Chevy Chase, Falls Church or NWDC?

Watch this video case study of how we just put under a contract a 14,000 square foot premium tear-down lot in the Langley HS/Cooper MS/Churchill ES cluster.

This property was never on the public market and we were able to get this property at a “wholesale” price with zero competition.

If you’d like to learn how you can buy prime building lots in Arlington, Bethesda, McLean, Chevy Chase, NWDC & Falls Church without competing, I’m happy to jump on a 30 minute call and show you how. Just schedule your New Home Strategy Call here:

Or you can call 301-370-6463 to learn how you can access our large private acquisitions list before the competition does!

Here’s a very private lot in Kent Gardens neighborhood with a walk-out lower level.

Here’s a new contemporary home with a first floor bedroom we can build on this
property for you and the price for the property and this version of our
Halbert B new home starts at $1.85M. Price will depend on the size and the




Check out a completed Halbert contemporary new home here

Transcript for the video above:

Barbee Street McLean – 11,000 square foot walk-out lower level flat lot

Hi, this is Rob Maggin with Paramount construction. I’ve got a phenomenal property I want to show you.
It’s in McLean.

And I’m excited because we’re laying out a small contemporary home with a first floor bedroom. We’re getting lots of demand for contemporary homes and lots of demand for new homes with first floor bedrooms.

Price for the land and the new home to be built starts at $1.53 million.

And let me kind of go through the details.

But first, again, I’m Rob with Paramount construction.

We have a very large list of tear-down building lots and new homes in Arlington, McLean, Falls Church, Washington DC, and Chevy Chase.

And we focus on building in the best areas inside the beltway.

We’ve never designed and built the same house twice.

And every single plan or every single house we build is designed to fit exactly on the lot back to this property.

It’s in McLean. It is located near Kent Gardens elementary school.

The front door will face east and the property will feed into McLean High School and Longfellow Middle School.

Let me show you what we have on the boards right now on the plan.

And we’re very open to modifying the plan. Let me a couple things we have on the board right now. This is what we’re laying out. It is a version of our very popular Halbert contemporary home plan.

We’re showing a one car garage, but we’ve priced a two car garage and lots of different combinations for this. We can do different colors on the outside. This is a stucco material. We have optional stone we’re showing here we have this translucent garage door. That would be either one car or two car and let take a look at

Let’s show it a two car garage. That’s one car garage, two car garage. And let me Let’s see.

How do you do this. Okay, there we go. Okay, I’m a little slow on the computer.

We adjust this here. So we’re showing the front door here would be the foyer and to the left would be a dining room to the right would be a coat closet.

And then this would open up to a very spacious family room. Kitchen all one open area.

This is a fireplace on the side.

And we’ve got all the back is glass, there would be an optional deck and that deck.

We’re showing it here, but it could actually go the whole width of the back.

And then as we come through the kitchen, this is a mudroom and then the bedroom it goes out into the two car garage. And as we come over to the right side we’re showing an area for an optional elevator.

And then a powder room with a bedroom or this could be an office but we’re showing a bedroom and this could be the bathroom in the closet.

We can expand this if you want it to be the master bedroom or just a bigger better but right now this is showing a guest bedroom and then you go up the stairs here and actually go down the stairs the lower level and here we go up the stairs. And we have the elevator right here.

As you come through the hallway. We’re showing 123 bedrooms, we can easily make this a fourth bedroom and we’re showing a master bathroom master suite back here with the big walk in closet. And again, very flexible on the design right now

we can make it bigger, we can make it smaller.

Lots of adjustments at this point are easy to make. And then we go down to the lower level we’re showing a laundry room and then we have an exercise room the elevators the first stop of the elevators right here we have a full bath and then a rec room could be a rental another rental with a separate entrance on this there’s because this particular lot is actually a walk out lower level be easy to get a second entrance in here and we’re showing an exercise room This could easily be a bedroom here we could push the laundry room back upstairs

We can put the laundry room back up

Here so there’s plenty of good options on this particular lot and again it’s about it’s an over 11,000 foot lot and it’s it’s 1730 Barbee you can actually there’s a park and you can walk to the schools will be Kent Gardens Longfellow Middle School McLean High School and that is kind of a high level quick look if you’d like to walk this lot or learn more about 1730 Barbee Street or any of our other building lots in McLean, Arlington, Washington DC Bethesda, Chevy Chase or Falls Church

Call me at 301-370-6463 or send me an email at info@Paramount and I enjoyed making this video for you and I hope to talk to you soon.

15,500 Square foot private lot in McLean on a culdesac. Large lot in Chesterbrook ES/Longfellow MS/McLean HS.
















Here’s a modern farmhouse new home from $1.62M:



Check out the gorgeous lot:


McLean 11,700 square foot flat lot in great neighborhood. Walk to downtown McLean shopping & dining.

Hard-hat tour of new home under construction in McLean:


Want a tour of this McLean new home under construction?
Call 301-370-6463 

14,000 sf flat lot & new McLean home for sale from $1.68M.
Price will depend on the size and finishes of the new home.












The schools are:
*Langley HS
*Cooper MS – you can walk to this school
*Churchill ES – you can walk to this school

Scroll down this page to see a variety of floor plans
and layouts on this McLean building lot for sale.

This is a corner lot, so we can change the address to Carper Street.
We can design any size and floor plan you would like.



Chalon Model with front door of new home on Carper Street McLean new home for sale 7016 Churchill Road

Chalon Model with front door of new home on Churchll Road McLean new home for sale 7016 Churchill Road

Plainview Model with front door of new home on Carper Street McLean new home for sale 7016 Churchill Road

Plainview Model with front door of new home on Churchill Road

Battery Park Model with front door of new home on Carper Street McLean new home for sale 7016 Churchill Road

Battery Park Model with front door of new home on Churchill Road McLean new home for sale 7016 Churchill Road

Plainview Model with front door of new home on Churchill Road. This new home version has a side-load garage with the entrance on Churchill Road McLean new home for sale 7016 Churchill Road

Aberdeen Model with front door of new home on Carper Street McLean new home for sale 7016 Churchill Road

Aberdeen Model with front door of new home on Churchill Road


























Call 301-370-6463 to learn more or arrange to visit the building lot. 

Here are a few more new homes plans which can be modified to fit on this building lot for sale:





Downtown McLean 21,000 sq. ft. lot with flat walk out lower level.

This is a very rare building lot in downtown McLean. The property backs
to park land and is very private. Not many lots in downtown McLean are this private and this large. New homes and this lot start at
$3.38M. The price will depend on size and finishes of the new home.

We have 100s of cool new home plans you can choose or we’re happy to create a plan to meet your exact requirements.

If you’re looking for a unique property for your dream home, this could be it.

This lot is ideal for a multi-car garage, a swimming pool, and a home with lots and lots of outdoor living and entertaining space.

Enjoy the videos below which display this gorgeous lot. And check back
here over the next few days as we post new home plans ideal for the lot.

If you’d like to take advantage of pre-construction savings or tour the
lot call 301-370-6463. And we can also help you with construction financing
with rates as low as 5.875% (subject to change).
Scroll below to see animation of a contemporary new home we’ve designed for this lot.


The plans can be made larger or smaller and the plans can be completely customized:

All of these plans can be made larger or smaller, depending on your requirements and budget.
And with our in house architecture team, customizing your new home is fast and easy.

To learn more about this great building lot downtown McLean or other lots
we have in McLean, Arlington, Falls Church,, Bethesda, Chevy Chase or NWDC

call 301-370-6463.

Here’s one of the homes which can be built on this McLean building lot: