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

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 we can help you get a new home:

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.

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 6529 Elgin Lane Bethesda – 14,700 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

Best McLean Virginia Luxury Home Builders

This article is on the 10 Best Luxury Home Builders in McLean Virginia.

McLean, Virginia, is a beautiful small suburb located in Northern Virginia with a population of around 50,000.

The city is full of greenery, has a historic feel, and is considered a community-centric city with tons of coffee shops, restaurants, parks and stores of all kinds.

If you are looking for suburban life in one of the best neighborhoods outside of the city, McLean may be the location for you.

But what makes McLean Virginia so unique?

McLean Virginia proximity to Washington D.C. has advantages

Since it is situated just 10 miles away from Washington D.C., it is a prime location for commuters who are not interested in living in the city.

Many governmental and military officials reside in the area or retire here because of the proximity, generous acreage for home building, and beautiful greenery. The city is also the home of Hickory Hill, one of the Kennedy’s iconic houses.

McLean is a wealthy city

According to the American Community Survey, McLean is considered the third wealthiest city in the United States. Although the cost of living is higher than most surrounding neighborhoods, the quality of life is worth the price. For those looking to build in the area, home builders in McLean, Virginia offer a range of luxury options to match the upscale lifestyle. These home builders in McLean, Virginia are experienced in designing homes that meet the high standards expected in one of the wealthiest communities in the country.

McLean Virginia has a rich history

The McLean Community is rich in history, luxury homes, and beautiful national preserves. The low crime rate, top-of-the-line primary schools, and family-friendly environment are just a few of the reasons families everywhere are deciding to settle down in McLean, Virginia.

McLean has excellent public schools

McLean, Virginia, is also ranked number 2 in Virginia for the best public schools and has a large assortment of public school options that are highly ranked and recognized. You can see a full list of schools below.

If you are looking to move to McLean and start a life or retire, you may consider looking for new home builders in the McLean area that you can trust with the construction of your home from start to finish.

1. Toll Brothers

Toll Brothers is an award-winning, prestigious luxury home builder in McLean specializing in luxury homes and distinctive architecture. They were founded in 1967 and work heavily in student housing solutions and apartment living construction.

2. Cyrus Construction

Cyrus Construction is a professional McLean Virginia home builder with over 20 years of experience in everything from steel buildings to home building and remodeling in the commercial and residential industries. 

3. MAC Design & Build

MAC Design & Build is a family-owned, custom-built company that creates custom cabinets and woodwork to help design a unique look for your dream home. Their expertise can help turn any home-building project in McLean into a reality. 

4. Marks-Woods Construction Services, LLC

Marks-Woods Construction Services is a full-service Virginia home builder specializing in luxury residential renovations. They have served the area for over 20 years and work on commercial and residential buildings in the McLean area and surrounding communities. 

5. Heinz Home Improvements and Services, Inc.

Heinz Home Improvement and Services is a family-owned Virginia house builder business founded in 2014. They provide quality and professional quality services in the Northern Virginia communities. 

6. Elite Contractors Services Inc Virginia home builder

Elite Contractors is a remodeling and building contractor service that has served Northern Virginia, Washington D.C., and Maryland suburbs for the past 25 years. They are one of the best home remodeling companies in Northern Virginia and offer superior homebuilder services. 

7. American Home Contractors

American Home Contractors is a top-rated full-service contracting company actively building new homes in the McLean area. They’ve been building homes for over 30 years and have a unique eco-friendly contractor focus. You can also utilize them for solar panel installation and gutter replacement. AHC is on our list of the ten best McLean home builders.

8. The Larson Group Inc.

The Larson Group has over 42 years of experience in the construction industry and is a full-service contracting company. They have completed over 100 unique projects in 3 states and can even assist you with Fire, water, and weather restoration and remodeling in the McLean area.

9. VP Construction, LLC

No project is too big or small for VP Construction. They have built new homes in the McLean and surrounding communities for the past two decades.

10. Paramount Construction is a McLean home Builder

Paramount Construction (PCI) is an award-winning new home builder who proudly services the McLean communities.

PCI has the largest list of custom new homes and building lots in the McLean, Chevy Chase, Arlington, and Bethesda areas.

This McLean builder also has an in-house architect with them for over 28 years.

The best part? Every new McLean home we design and build is built to fit perfectly on each building lot.

This means any of our custom homes can be made smaller or bigger, depending on your needs. Since all our new home designs are unique and custom-made, we’ve never built the same house twice!

11. Sekas Homes

12. M.R. Homes

13. Galileo Homes

14. Cherry Hill

15. Gruver Cooley

16. Evergreen Homes

17. Sagatov Design and Build

18. Focal Point Homes

19. Artisan Builders

20. Joy Custom Homes

21. Monarch Homes

22. Reel Homes

23. Anchor Homes

24. Fisher Homes

Here is a partial list of Paramount Construction homes (subject to change):

1. West McLean- (Check out 1633 Warner Ave. It is a 17,950 sq ft flat lot, with only a few new homes around it, Check out our tour video for the full effect)
2. Kent Gardens- Check out Dillon Ave; it is within walking distance of Kent Gardens ES and McLean High School)
3. Chesterbrook Gardens – (Check out 1522 Hardwood Ln.) – SOLD

Also, Paramount Construction has a large selection of model homes that can be adjusted to fit your dream home and lot’s needs.

New Home Models

Here are just a few of our new home models you may find interest in for McLean:

1. Hazel Model– (gorgeous McLean model designed to fit any size lot)
2. Carper Model Home – (We can gladly make this home model smaller or bigger to fit your lot)
3. Macon Model – (Transitional style home with a rustic feel, a must-see!)
4. Lavin Contemporary Model– (The contemporary stairs with a cable railing is a must-have)

A new luxury home coming soon to Heather Hill Court in McLean

McLean building lots for sale

If you are looking for a custom home option and have some time to spare, here are three McLean lots that are currently available for your home: 

1. Mayflower Drive- 12,000 sq ft. 
2. 1633 Warner Drive- 17,950 sq ft. 
3. 1522 Hardwood Ln- 15,000 sq. ft. SOLD

Learn more about McLean lots and new homes

To learn more about Paramount Construction and our custom home capabilities for these available lots, contact us today. We would love to walk you through everything you need to know to provide you with the custom home you’ve always wanted. 

New McLean home for sale in Chesterbrook 

This 15,000 sq foot lot in the Chesterbrook Neighborhood in McLean is ready to be transformed into the luxury home of your dreams. 

You can watch our walkthrough video to get an in-depth experience of the lot and location and see some of the home models we think would be an excellent fit for this lot’s shape and size.

The Best McLean Builders

Here’s a map of McLean (circled in red):

McLean Builders McLean map

McLean Builders map of McLean

Slideshow map of McLean Neighborhoods:

Public elementary schools located in McLean include:

Chesterbrook Elementary

Churchill Road Elementary

Sherman Elementary

Kent Gardens Elementary

Spring Hill Elementary

Public middle schools located in McLean include:

Cooper Middle

Mary Ellen Henderson Middle School 

Longfellow Middle School

Public high schools located in McLean include:

McLean High School 

Langley High School

Meridian High School

Private schools located in McLean include:

The Madeira School

The Potomac School

Ambleside School

The Langley School

St. John Academy

St. Luke Catholic School

Montessori School of McLean

Ridgemont Montessori School

Brookfield School

BASIS Independent McLean

New McLean home for sale in Chesterbrook 

This 15,000 sq foot lot in the Chesterbrook Neighborhood in McLean is ready to be transformed into the luxury home of your dreams. 

We’re happy to create a custom home that suits your needs on any of our Arlington, Bethesda, Chevy Chase, Falls Church, McLean, or NWDC lots or on your building lot.

Additionally, we recommend setting up a strategy call with us to discuss our building lots, new home plans, and our building process.

McLean Homes For Sale

1633 Warner Drive
1328 Mayflower Drive

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 buy new home tear-down lots. We put this tear-down 14,000 square foot premium tear-down lot in the Langley HS/Cooper MS/Churchill ES cluster under contract and the property was never publicly on the market.

This property was never on the public market and we were able to get this property at a “wholesale” price with zero competition. Learn how to Stop Competing for premium properties. THIS VIDEO IS A FEW YEARS OLD.

If you’d like to learn how you can buy premium new home tear-down 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 buy premium new home tear-down lots from our large private wholesale acquisitions list before the competition does!

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: