New construction homes, free e-book for Windows. Having a new home built from scratch is for most home buyers a very exciting opportunity. Although the real estate market is in a recession, there are countless homes that are under construction that have not been completed. The new housing recession caused many developers to go bankrupt which left many home in the process of construction. These homes are owned by banks that are seeking to get rid of them. You can find this information from banks or simply by looking in different sub developments that have been foreclosed upon by banks.