Homeownership

Millennials Most Likely Generation to Consider Buying a Home Within the Next Year

Filed in Economics, Homeownership, Housing Trends by on November 14, 2019 3 Comments
Millennials Most Likely Generation to Consider Buying a Home Within the Next Year

Only 12% of adults are considering the purchase of a home within the next 12 months, according to NAHB’s Housing Trends Report for the third quarter of 2019. This share of prospective home buyers is essentially unchanged from where it stood a year earlier, at 13%.

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Big Gap Between Home Prices and Buyers’ Expectations

Big Gap Between Home Prices and Buyers’ Expectations

New data released by the U.S. Census Bureau and the Department of Housing and Urban Development, combined with recent NAHB survey data, show a mismatch between the actual prices of new homes and the prices buyers expect to pay.

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Huge Wealth Gap Between Home Owners and Renters

Filed in Economics, Homeownership, Housing Trends by on September 3, 2019 2 Comments
Huge Wealth Gap Between Home Owners and Renters

A recent report by the U.S. Census Bureau on household wealth reveals that the gap between home owners and renters is striking: The median net worth of home owners is 80 times larger than the median net worth of renters.

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Minority Homeownership Rate Drops in 1st Quarter of 2019

Filed in Economics, Homeownership, Housing Trends by on July 25, 2019 0 Comments
Minority Homeownership Rate Drops in 1st Quarter of 2019

In the first quarter of 2019 the U.S. homeownership rate stood at 64.2%, unchanged from its level during the same time last year, but slightly down from the fourth quarter of 2018 (64.8%), according to the latest data from the U.S. Census Bureau.

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Harvard Study Shows U.S. Housing Production is Lagging Far Behind Demand

Harvard Study Shows U.S. Housing Production is Lagging Far Behind Demand

Despite a solid economy, rising wages and household growth that is now back from post-recession lows, new home construction remains depressed, due to supply-side challenges that are making it increasingly more difficult to build at affordable price points.

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A Top Barrier to Homeownership May Be Easing

A Top Barrier to Homeownership May Be Easing

A recent Eye on Housing blog post revealed that 53% of buyers actively searching for a home to buy in the first quarter of 2019 have been looking unsuccessfully for at least three months. View the top reasons why is it taking these buyers so long to pull the trigger.

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Innovative Housing Showcase Kicks Off on National Mall

Filed in Homeownership, Housing Affordability by on June 3, 2019 3 Comments
Innovative Housing Showcase Kicks Off on National Mall

The inaugural Innovative Housing Showcase opened June 1 to packed crowds on the National Mall exploring the latest housing technologies that are helping address the housing affordability crisis.

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NAHB Chief Economist Testifies on Housing Affordability at Massachusetts Legislature

Filed in Economics, Homeownership, Housing Affordability by on April 2, 2019 0 Comments
NAHB Chief Economist Testifies on Housing Affordability at Massachusetts Legislature

NAHB Chief Economist Robert Dietz told Massachusetts state policymakers today that growing affordability challenges for renters and home buyers stemming from years of underproduction and rising regulatory costs associated with land development and home building are having negative economic repercussions

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How Affordable are Homes in Your Area?

Filed in Economics, Homeownership by on February 15, 2019 0 Comments
How Affordable are Homes in Your Area?

A new feature of the NAHB Housing Portal — a free, interactive, online resource filled with information about the impact of housing — helps illustrate the severity of declining affordability at the national, state and local levels.

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Is Student Debt a Barrier to Homeownership?

Filed in Economics, Homeownership, Housing Trends by on February 1, 2019 0 Comments
Is Student Debt a Barrier to Homeownership?

Homeownership among 24- to 32-year-olds dropped 9 percentage points between 2005 and 2014. A key factor for that drop may be increasing student loan amounts, according to the Federal Reserve.

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