In a recent NAHB survey, over 40 percent of builders said construction costs in general are causing home buyers to hold back from purchasing a new home, and over 90 percent said that lumber prices specifically are hurting affordability. The results are consistent with yesterday’s post, which described a surge in the number of builders reporting a shortage of framing lumber. The new results… Read More ›
Tag Archive for ‘home buyers’
House Search Takes Many Months, But Buyers Do Not Intend to Give Up
The Housing Trends Report (HTR) is a new research product created by NAHB’s Economics team to track prospective home buyers’ perceptions about the availability and affordability of homes for-sale in their markets. Results are based on national polls conducted by Morning Consult. This is the fourth (and last) of a series of posts highlighting results for the first quarter of… Read More ›
Only a Minority of Buyers Can Afford Majority of Homes For-Sale
The Housing Trends Report (HTR) is a new research product created by NAHB’s Economics team to track prospective home buyers’ perceptions about the availability and affordability of homes for-sale in their markets. Results are based on national polls conducted by Morning Consult. This is the third in a series of posts highlighting results for the first quarter of 2018. See… Read More ›
Most Buyers Don’t See Improvement in Housing Availability
The Housing Trends Report (HTR) is a new research product created by NAHB’s Economics team to track prospective home buyers’ perceptions about the availability and affordability of homes for-sale in their markets. Results are based on national polls conducted by Morning Consult. This is the second in a series of posts highlighting results for the first quarter of 2018. See… Read More ›
17% of Adults Plan to Buy Home in Next 12 Months; Many for the First-Time
This post releases the first edition of the Housing Trends Report (HTR), a new research product created by the NAHB Economics team with the goal of measuring prospective home buyers’ perceptions about the availability and affordability of homes for-sale in their markets. The HTR will be released quarterly in order to track changes in buyers’ perceptions over time. All data… Read More ›
Sources of Home Buyers and New Renters
According to NAHB’s latest special study, households who recently changed addresses fall into a natural order: 1) Buyers of Newer Homes, 2) Buyers of Older Homes, 3) Renters of Newer Homes, and 4) Renters of Older Homes, As you move up the scale from 4 to 1, the following interrelated tendencies become evident: The movers have, on average, higher incomes. More of… Read More ›
Boomers Prefer Suburbs and Cul de Sacs
NAHB’s recently published Housing Preferences of the Boomer Generation shows that homebuyers in the Baby Boom Generation want a suburban neighborhood consisting of all single-family detached homes more often than any other community feature (of the 19 listed), and nearly 80 percent prefer a cul de sac over efficient traffic flow when given the choice. These results are based on a survey… Read More ›
What Home Buyers Really Want: Ethnic Preferences (Part IV)
Previous posts highlighting findings from the study What Home Buyers Really Want: Ethnic Preferences have shown how housing preferences may – or may not – be affected by the racial background of the home buyer. One aspect of the home where race/ethnicity does not play a significant role is energy efficiency – a top priority across the board for all… Read More ›
NAHB Study Identifies Top 10 Features for Upscale Homes
A recent NAHB article reports on the top features for an upscale new home. The article is based on a statistical analysis of a long list of (approximately 120) features that home buyers rated on a consistent scale in the survey for What Home Buyers Really Want. The features spanned many aspects of the home, including windows, doors, kitchens, baths,… Read More ›
Energy Efficiency Should Yield 10 Percent-Plus Return, Study Says
A study published in June presents evidence in support of NAHB’s policy, which classifies a change in building codes as cost effective if it returns at least 10 percent in energy savings the first year. The study argues that a common alternative to NAHB’s policy, using the current mortgage rate to evaluate energy efficiency, is an unrealistic assumption and produces unrealistic results…. Read More ›