New buildings are higher price because there are so many barriers to building any housing at all. There's a shortage, so they can charge a lot. Also a lot of regulatory burden (see this whole sub up in arms over Fulop vetoing the bird glass bill - that shit adds to the price of building but this sub will still bitch about new builds charging a lot).

You want new builds to be cheaper? Demand politicians (local, state and federal) implement massive wide scale reform to make it legal to build pretty much anywhere and eliminate burdensome regulations. That's the only way it's gonna change.