According to the latest Housing Trends Report, home buyers’ affordability expectations deteriorated throughout 2021. By the fourth quarter, the share of buyers who could afford less than half the homes available in their markets was at 76%. That share had risen all year: from 63% in the final quarter of 2020, to 65% in the…
In early 2018, only 16% of home buyers expected that finding a home would be easier in the months ahead. The share soared during the early phase of the pandemic, reaching 36% by the end of 2020. But in 2021, buyers’ perceptions of housing inventory worsened throughout the year, and by the fourth quarter, only…
Only 15% of buyers were looking for a newly-built home at the start of 2018, but that share shot up to 42% by the final quarter of 2020 (after the start of the pandemic). Since then, however, interest for new construction has fallen steadily, as costs for building materials – especially lumber – have experienced…
The share of adults planning a home purchase within 12 months has fallen for two consecutive quarters, going from 17% in the second quarter of 2021, to 16% and 15% in the third and fourth quarter of the year, respectively. The downward trend provides evidence that higher home prices and low housing availability (relative to…
NAHB regularly conducts national polls of American adults and home buyers in order to understand new trends and preferences in the housing market. This is the fifth in a series of posts highlighting poll results, as presented during the 2018 International Builders’ Show in Orlando, FL. See previous posts on tiny homes, driverless cars, time…
NAHB conducted a national poll of young adults ages 18 to 25 to find out how this age group feels about a career in the construction trades. The majority of young adults (74%) say they know the field in which they want to have a career. Of these, only 3% are interested in the construction…
The total number of residential construction firms in the country (single-family builders, multifamily builders, and residential remodelers) dropped to around 689,000 in 2012, 12% lower than in 2007, according to the U.S. Census Bureau’s Survey of Business Owners (collected only in years ending in ‘2’ and ‘7’). While the industry as a whole contracted during…
