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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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Share of Home Buyers Getting Outbid Almost Doubles
An earlier post revealed that 62% of buyers who were actively engaged in the process of finding a home in the third quarter of 2020 have spent upwards of 3 months searching for a home without success. Although the top reason long-time searchers haven’t pulled the trigger continues to be the inability to find an affordable home (38%), that share… Read More ›
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Low Mortgage Rates Continue to Convert Passive Buyers into Active Buyers
Of the 13% of American adults considering a future home purchase in the third quarter of 2020, 50% have moved beyond planning and are actively trying to find one to buy. That is a solid gain from the comparable figure a year ago (44%), which suggests that the COVID-19 crisis and its accompanying record-low mortgage rates continue to convert some… Read More ›
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Some Buyers Perceive an Improvement in Housing Affordability
For some home buyers, housing affordability improved in the last 12 months. According to the Housing Trends Report for the third quarter of 2020, 27% of buyers report being able to afford half or more of the homes available for-sale in their markets. A year earlier, that share was 20%. The increase is an indication that lower mortgage rates have… Read More ›
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Expectations for Housing Availability Improve
Strong new and existing home sales in the summer of 2020 may have been a factor contributing to buyers’ improved expectations for housing availability. According to the latest Housing Trends Report**, 28% of prospective buyers in the third quarter of 2020 expect their search for a home to become easier in the months ahead, while 61% percent expect it will… Read More ›
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COVID-19 Has Impacted Home Purchasing Plans
According to NAHB’s latest Housing Trends Report, the share of Americans who are considering the purchase of a home in the next 12 months was 13% in the third quarter of 2020, one percentage point higher than a year earlier and the first year-over-year gain in the 3-year history of this series. The gain shows the COVID-19 crisis has impacted… Read More ›
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Most Teleworkers Expect to Continue At Home, Even After COVID Vaccine
About 3 out of every 10 American adults are currently working from home, on a full- or part-time basis. The finding comes from a recent poll of a representative sample of over 17,000 adults conducted for NAHB by Morning Consult. Gen Z’s made up 12% of respondents, Millennials and Gen X’ers were each 26%, and Boomers another 33%. In terms… Read More ›
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Housing Affordability Hits 18-Month Low on Lack of Supply, Higher Prices
Despite low interest rates, a supply shortage coupled with rising home prices contributed to a decline in housing affordability in the second quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 59.6 percent of new and existing homes sold between the beginning of April and end of June were affordable… Read More ›
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Multiple Offers For Homes on the Market Are Becoming More Common
An earlier post revealed that 59% of buyers who were actively engaged in the process of finding a home in the second quarter of 2020 have spent upwards of 3 months searching for a home without success. Although the top reason long-time searchers haven’t pulled the trigger continues to be the inability to find an affordable home (39%), that share… Read More ›
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Low Mortgage Rates Convert Prospective Buyers into Active Buyers
Of the 11% of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply planning it, they are actively engaged in the process to find a home. That is a significantly higher share than the comparable figure a year ago (41%), which suggests that the COVID-19 crisis and its accompanying record-low… Read More ›
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Affordability Expectations Show Slight Improvement
According to the second quarter of 2020’s Housing Trends Report, only 24% of prospective buyers can afford at least half the homes available in their markets. The other 77% are able to afford fewer than half the homes. Although these results demonstrate housing affordability remains a serious challenge, buyers’ affordability expectations are slightly more favorable than a year ago, when… Read More ›