Tag Archive for ‘housing trends report’

More Buyers Taking a Look at New Construction

After bottoming out at 19% in the first quarter of 2022, the popularity of new homes continues to rebound, as the share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of the year, respectively.  A possible factor behind this trend is that the inventory of new homes for-sale is 25% higher… Read More ›

Buyers’ Expectations of Housing Availability Improve

For the first time since 2020, prospective buyers expect housing availability to improve.  After falling steadily for five quarters, the share expecting the home search to get easier in the months ahead grew from 17% to 22% between the first and second quarters of 2022.  Less competition from buyers priced-out of the market by recent increases in mortgage rates is… Read More ›

Some Buyers Turning to New Construction

After falling steadily for five quarters, the popularity of new homes rebounded in the second quarter of 2022, as 21% of prospective buyers reported looking for a newly-built home – up from 19% a quarter earlier.  A possible reason for this pivot is the recent growth in the inventory of new homes for-sale, while the supply of existing homes on… Read More ›

Housing Demand Flattens as 1st-Time Buyers Retreat

The share of adults planning a home purchase within a year stood at 13% in the second quarter of 2022, unchanged from the previous quarter, but lower than a year earlier (17%).  The leveled reading suggests that, after shrinking for the past three quarters, the pool of potential home buyers may have stabilized. Part of the reason housing demand has… Read More ›