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Rose Quint is Assistant Vice President for Survey Research. Ms. Quint holds a Bachelors of Science degree in Economics/International Business from Old Dominion University as well as a Master’s degree in Economics from Virginia Polytechnic Institute and State University. Her responsibilities include planning and conducting industry surveys, specifically in the areas of builder sentiment, remodeling, housing affordability, and AD&C financing issues. Ms. Quint is also responsible for special research projects, such as studies on builders’ profitability, consumer preferences, construction costs, and membership census. She joined NAHB in 1999.
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Affordability Expectations Among Most Prospective Buyers Are Poor
An earlier post revealed that only 12% of adults polled in the second quarter of 2019 are prospective home buyers (they are planning to buy a home in the next year). The poll asked these buyers to estimate the share of homes available for-sale in their markets they believed they could afford. As the graph below shows, affordability expectations are… Read More ›
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Only 20% of Home Buyers Expect House Search to Get Easier Soon
A second quarter 2019 NAHB poll revealed that only 12% of adults are prospective home buyers, i.e. they are planning to buy a home in the next year. These prospective buyers were asked about their expectations for housing availability going forward. As the graph below shows, 20% expect the search for a home to become easier in the months ahead,… Read More ›
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Only 12% of Adults Are Planning a Home Purchase in the Next 12 Months
An NAHB poll conducted in the second quarter of 2019 revealed that only 12% of adults are considering the purchase of a home within the next 12 months. This share of ‘prospective home buyers’ is down slightly from 14% a year earlier. The drop marks the third consecutive year-over-year decline in the share of adults thinking about buying a home,… Read More ›
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NAHB Announces Delay in the Production of the Housing Opportunity Index
The scheduled second quarter release of the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), which measures housing affordability in more than 200 metropolitan areas across the nation, will be delayed for three months because key government data used to calculate the index is no longer available. The HOI is produced quarterly, tracking the share of homes… Read More ›
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Home Prices Remain the Principal Barrier to Homeownership
As revealed in a previous post, 53% of buyers actively searching for a home to buy in the first quarter of 2019 have been looking – unsuccessfully – for three months or longer. Why is it taking these buyers that long to pull the trigger? The most important reason is they can’t find a home at a price they can… Read More ›
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Nearly Half of Prospective Buyers Are Actively House Hunting
Many people start thinking about a home purchase well in advance of actually engaging in the process of finding a home. In a national poll in the first quarter of 2019, 13% of adults reported planning a home purchase within the next year. Of those prospective buyers, 46% are already actively involved in trying to find a home to buy. … Read More ›
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Home Buyers’ Perceptions on Affordability Improve Slightly
In addition to analyzing buyers’ perceptions about housing availability, the Housing Trends Report also explores perceptions about housing affordability. To this end, the poll asks prospective home buyers to estimate the share of homes available in their markets they believe they can afford. In the first quarter of 2018, 82% estimated they could afford fewer than half the homes for-sale… Read More ›
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22% of Home Buyers Expect House Search to Get Easier Soon
In the first quarter of 2019, adults planning a home purchase (i.e. prospective buyers) were asked about their expectations for housing availability in the near future. Results show that 22% expect the search for a home to become easier in the months ahead, an improvement over the 16% who had that same expectation a year earlier. During this period, the… Read More ›
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13% of Adults Are Planning a Home Purchase in the Next 12 Months
In the first quarter of 2019, 13% of adults reported plans to purchase a home within a year. That is just slightly below where the share stood a year earlier, at 17%. The decline marks the second consecutive year-over-year drop in the share of adults planning to buy a home, providing further evidence that the deterioration in affordability is having… Read More ›
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Housing Affordability Holds Steady on a Year-Over-Year Basis
Lower home prices, declining mortgage rates and solid income gains contributed to a rise in housing affordability in the first quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). However, the HOI was little changed on a year-over-year basis, as home buyers continue to face ongoing challenges in terms of limited inventory,… Read More ›