Tag Archive for ‘housing trends report’

Housing Demand Is Softening

The share of adults planning a home purchase within a year fell for a third straight quarter in the first three months of 2022, down to 13%.  The last time fewer American adults intended to buy a home was in the second quarter of 2020 (11%).  The decline is evidence that the COVID-induced boost to housing demand is past its… Read More ›

Once Again, High Home Prices Are to Blame

An earlier post revealed that 67% of buyers who were actively engaged in the process of finding a home in the final quarter of 2021 have spent 3+ months searching for a home without success. The inability to find a home they could afford once again became the most common reason (41%) these long-time searchers could not buy a home. … Read More ›

Impacts of Rising New Home Costs

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 double-digit growth.  By the final… Read More ›

Homeownership Postponed

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 demand) are leading some Americans… Read More ›