Eye On Housing
Author Archives
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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 ›
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Bathroom Linen Closets Are Most Wanted Bathroom Feature
A majority of home buyers – 78 percent — expressed that a ‘linen closet in the master bathroom’ is a desirable (52 percent) or an essential/must have bathroom feature (26 percent), putting it in first place in the most wanted bathroom features list (Figure 1). This data comes from NAHB’s recently released report, What Home Buyers Really Want, 2019 Edition…. Read More ›
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Colors and Finishes for Kitchen Appliances, Cabinets, and Countertops
Last week’s post on NAHB’s recently released report, What Home Buyers Really Want, highlighted the most wanted kitchen features. This post provides more detail on the colors and finishes home buyers want for their kitchen appliances, cabinets, and countertops. The report is based on a nationally representative survey asking home buyers (people who bought homes in the previous three years… Read More ›
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A Walk-in Pantry is the Most Wanted Kitchen Feature
A walk-in pantry is the most wanted kitchen feature, with 83 percent of home buyers reporting it is an essential/must have (32 percent) or desirable item (51 percent). This data comes from NAHB’s recently released report, What Home Buyers Really Want (2019 Edition), which is based on a survey that asks recent and prospective home buyers (people who bought homes… Read More ›
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Homeownership Rates by Race and Ethnicity
The Census Bureau recently published data on homeownership rates from its Housing Vacancies and Homeownership Survey (CPS/HVS). A previous NAHB blog shows that the overall homeownership rate increased to 64.8% in the fourth quarter of 2018, up 0.6 percentage points from the fourth quarter of 2017 (64.2%) (Figure 1). Figure 1 also shows that the overall homeownership rate bottomed out… Read More ›
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Laundry Rooms Top the List of Most Wanted Home Features
Nearly all home buyers – 91 percent – want a laundry room included in their home, more than any other home or community feature, according to NAHB’s report What Home Buyers Really Want (2019 Edition). The report is based on a national survey that asks recent and prospective home buyers (people who bought homes in the previous three years or… Read More ›
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Reasons Why Home Buyers Move
Data from the 2017 American Housing Survey (AHS) show that over half of recent home buyers – 55 percent – move ‘for a better home’ (Graph 1). Home buyers also move for ‘a better neighborhood’ (46 percent) and ‘to form a household’ (39 percent). In contrast, smaller shares of home buyers report moving ‘for a job’ (14 percent) and ‘to… Read More ›
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Multifamily Builder and Developer Confidence Weakens Slightly in Fourth Quarter
Builder and developer confidence in the multifamily market weakened slightly in the fourth quarter, according to the National Association of Home Builders’ Multifamily Market Survey. The Multifamily Production Index (MPI) fell one point from the previous quarter to 47, with a number below 50 indicating that more builders report market conditions are getting worse than improving (Figure 1). Meanwhile, the… Read More ›