Eye On Housing
Author Archives
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Minority Homeownership Rate Drops in the First Quarter of 2019
Every quarter the US Census Bureau publishes results from its Housing Vacancies and Homeownership Survey (CPS/HVS). In the first quarter of 2019 the U.S. homeownership rate stood at 64.2 percent, unchanged from its level during the same time last year, but slightly down from the fourth quarter of 2018 (64.8 percent) (Figure 1). A recent NAHB blog shows that although… Read More ›
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A Nation of Builders
Every year the National Association of Home Builders conducts a member census to better understand the composition and characteristics of the people who belong to its organization. In 2018, 32 percent of NAHB’s members were builders—those whose primary business is single-family home building, multifamily building, residential or commercial remodeling, commercial building, land development, or manufacturing of modular/panelized/log homes. The remaining… Read More ›
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Confidence in Apartment and Condo Housing Sectors Weakens in the First Quarter
Builder and developer confidence in the multifamily market weakened in the first quarter of 2019, according to results from the National Association of Home Builders’ (NAHB) Multifamily Market Survey (MMS). The MMS consists of two indices: the Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI). The MPI, which measures builder and developer sentiment about current market conditions, dropped… Read More ›
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Who Are NAHB’s Associate Members?
Every year since 2008, the NAHB has conducted a member census in order to better understand the composition and characteristics of the people who belong to its organization. In 2018, 68 percent of NAHB’s members were associate members—those involved in a wide range of support industries and professions including, among others, trade contractors, manufacturers, retailers/distributors, designers, and architects. The remaining… Read More ›
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Top Home Technology Features
According to the latest edition of NAHB’s study, What Home Buyers Really Want, 46 percent of recent and prospective home buyers want a security camera in their home, more than any other home technology feature listed in the survey. The study is based on a survey that asks recent and prospective home buyers (people who bought homes in the previous… Read More ›
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55+ Housing Market Opens First Quarter with Record High
The NAHB single-family 55+ Housing Market Index (55+ HMI) rose six points to 72 in the first quarter of 2019, indicating that builder confidence in the 55+ housing market continues to strengthen (Figure 1). The index reading is the highest since the inception of the index in 2008. The 55+ HMI measures two segments of the 55+ housing market: single-family… Read More ›
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Remodelers’ Confidence Falls Three Points in First Quarter
The Remodeling Market Index (RMI) fell three points to 54 in the first quarter of 2019, according to the National Association of Home Builders. Despite the drop, the RMI is still over the index break-even point of 50, which indicates that more remodelers report that market activity is higher than report it is lower, compared to the previous quarter. The… Read More ›
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How Much Are Buyers Willing to Pay for Energy Efficiency?
On average, home buyers are willing to pay an additional $8,728 upfront on a home in order to save $1,000 a year in utility bills, according to NAHB’s recently released study, What Home Buyers Really Want (2019 Edition) (Figure 1). The study is based on a survey asking recent and prospective home buyers (people who bought homes in the previous… Read More ›
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Top Green Features
ENERGY STAR windows are the single-most wanted green feature among home buyers, with 89 percent reporting that it is an essential/must have (38 percent) or a desirable feature (51 percent). In our latest study on preferences, What Home Buyers Really Want, NAHB asks recent and prospective home buyers (people who bought homes in the previous three years or are planning… Read More ›
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Elevators Lack Popularity Among Home Buyers (And Other Unwanted Features)
Two-thirds of home buyers expressed that they do not want an elevator in their home, according to NAHB’s recently released report, What Do Home Buyers Really Want, 2019 edition. This finding comes from a question in the survey asking recent and prospective home buyers (people who bought homes in the previous three years or are planning to do so in… Read More ›