Eye On Housing
Author Archives
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Specialty Rooms Wanted by Millennial Home Buyers
A laundry room is the most popular specialty room (anything other than a bedroom, bathroom or kitchen) among Millennial home buyers, with 86 percent of them reporting that it is a desirable (36 percent) or essential/must have (50 percent) room (Figure 1). This data comes from a recent NAHB report, What Home Buyers Really Want (2019 Edition), which is based… Read More ›
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Multifamily Builder and Developer Confidence Weakens Slightly in Third Quarter
Builder and developer confidence in the multifamily housing market weakened slightly in the third quarter, according to results from NAHB’s Multifamily Market Survey (MMS). The MMS produces two separate indices: The Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI). The MPI dropped seven points to 49 in the third quarter of 2019 (from 56 in the second quarter)… Read More ›
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Minority Homeownership Rate Increases in Third Quarter
According to a new data release from the Census’ Housing Vacancies and Homeownership Survey (CPS/HVS), the minority homeownership rate posted an increase in the third quarter of 2019 to 48.3 percent, up 0.9 percentage points from the third quarter of 2018 (Figure 1). This year-over-year gain is higher than the gain in the overall U.S. homeownership rate, which rose 0.4… Read More ›
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Top Bathroom Features Among Millennial Home Buyers
The most wanted bathroom feature among Millennial home buyers is ‘both a shower stall & tub in the master bath’, according to a report recently published by the National Association of Home Builders (NAHB), What Home Buyers Really Want (2019 Edition). Seventy-six percent of Millennial home buyers want this feature. The report is based on a survey that asks prospective… Read More ›
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55+ Housing Market Ticks Back Up to Record High
Builder and developer confidence in the 55+ housing market strengthened in the third quarter of 2019, as reflected by the single-family 55+ housing market index (55+ HMI) reading of 72, up one point from the previous quarter (Figure 1). This is the highest reading since the inception of the index in 2008. NAHB produces two 55+HMIs, measuring sentiment in both… Read More ›
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Remodelers’ Confidence Holds Steady in Third Quarter of 2019
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 55 in the third quarter of 2019, unchanged from last quarter (Figure 1). Since the second quarter of 2013, the RMI has been above its breakeven point of 50, which indicates that more remodelers report market activity is higher than report it is lower, compared… Read More ›
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Real Rent Index Edges Up in September
In September, NAHB’s Real Rent Index increased 0.2 percent over August’s reading, after essentially no growth between June and August (Figure 1). Over the first nine months of 2019, the average monthly growth rate of the Real Rent Index was 0.13%, slightly higher than the average of 0.11% in 2018. NAHB constructs a “real” rent index to indicate whether inflation… Read More ›
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Top Community Features Wanted by Millennials Home Buyers
A park area is the top community feature wanted by Millennial home buyers (71 percent), according to an NAHB report, What Home Buyers Really Want (2019 edition) (Figure 1, hover over bars for total shares). The report is based on a survey asking prospective and recent home buyers about the features they want in a home or community. As part… Read More ›
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Millennials Want Spacious, New Single-Family Homes
Millennials (those born in 1980 or after) want a median of 2,407 square feet in a home, according to the NAHB report, What Home Buyers Really Want (2019 Edition). The report is based on a survey of prospective and recent home buyers and asks them about the features they want in a home and a community. The median square footage… Read More ›
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Top Green Features Millennials Want in a Home
Energy Star®-rated appliances are the green feature that Millennials want the most in a home (75 percent), according to an NAHB report, What Home Buyers Really Want (Figure 1, click on bars for total shares). The report is based on a survey that asks prospective and recent home buyers about the features they want in a home or a community…. Read More ›