It’s True: We Want to Own a Home

Filed in Construction Industry, Homeownership by on July 27, 2016 0 Comments

An overwhelming 4 of 5 Americans believe that owning a home is a good investment, according to a recent poll that NAHB commissioned to gauge public sentiment on the value of homeownership and government programs that encourage homeownership and housing production.

The polling firm Morning Consult conducted the nationwide survey of more than 2,800 registered voters July 22-24.

“The survey shows that most Americans believe that owning a home remains an integral part of the American Dream and that policymakers need to take active steps to encourage and protect homeownership,” said NAHB Chairman Ed Brady.

Among the key findings:

  • 82% rate “a home for you to live in” a good or excellent investment (the highest of six choices) and far ahead of the second option, retirement accounts, at 67%.
  • 81% of 18-to 29-year-olds want to buy a home.
  • 72% support the government providing tax incentives to encourage homeownership.
  • 46% say now is a good time to buy a home, twice the 23% who say it is not.
  • 36% would like to buy a home in the next three years.

Among those polled, 55% said the biggest obstacle to buying a home was finding a home at a price they can afford, followed by 50% who cited insufficient savings for a down payment and 41% who reported difficulty getting approved for a home loan.

The survey was evenly split on which presidential candidate would be best for housing. Thirty-eight percent of the respondents cited Hillary Clinton, 37% Donald Trump, and 25% reported “don’t know” or “no opinion.”

Facebooktwitterlinkedinmail

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *