Housing Trends

Big Gap Between Home Prices and Buyers’ Expectations

Filed in Affordability, Economics, Homeownership, Housing Trends by on September 13, 2019 0 Comments
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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How to Build for Today’s Boomer Buyers

Filed in 55+ Housing, Housing Trends by on September 11, 2019 1 Comment
How to Build for Today’s Boomer Buyers

With 270,000 boomer buyers retiring each month, there is a lot of opportunity for builders to capitalize on this demographic. But not all boomer buyers want the same things. Learn more about the niche groups within this demographic and what they’re looking for in their future homes.

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Huge Wealth Gap Between Home Owners and Renters

Filed in Economics, Homeownership, Housing Trends by on September 3, 2019 1 Comment
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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Home Construction Slowing in Manufacturing Areas

Filed in Economics, Home Building, Housing Trends by on August 27, 2019 1 Comment
Home Construction Slowing in Manufacturing Areas

In a possible sign of economic softening in the industrial heartland, home construction in the nation’s major manufacturing areas registered declines on a year-over-year basis in the second quarter of 2019, according to the National Association of Home Builders Home Building Geography Index.

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Where Do Generations Want to Live?

Filed in Economics, Housing Trends by on August 21, 2019 2 Comments
Where Do Generations Want to Live?

For the majority of Gen Xers, baby boomers and seniors, suburbia continues to be the preferred community in which to live.

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Millennials Show a Growing Preference for New Homes

Filed in Economics, Housing Trends by on August 20, 2019 0 Comments
Millennials Show a Growing Preference for New Homes

There is a noticeable upward trend in the percentage of millennials who desire a new home built for sale offered by a builder, according to a recent study by the NAHB Economics team.

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Millennial Home Preferences vs. Other Generations

Filed in Economics, Housing Trends by on August 9, 2019 4 Comments
Millennial Home Preferences vs. Other Generations

A recent study by the NAHB Economics department highlights the differences between millennial home buyer preferences and other generations over recent years.

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Top 10 Features Millennials Want — and Don’t Want

Filed in Economics, Housing Trends by on August 7, 2019 0 Comments
Top 10 Features Millennials Want — and Don’t Want

At least four out of five millennial buyers prefer laundry rooms, hardwood front exteriors, patios and garage storage. Conversely, they give a thumbs down to elevators, wine cellars and laminate countertops.

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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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Why Boomers May Be Looking Local for Retirement

Filed in 55+ Housing, Housing Trends by on July 2, 2019 1 Comment
Why Boomers May Be Looking Local for Retirement

More baby boomers continue to work past the age of 65, but many are still looking toward retirement, including downsizing their current home and finding a location that fits their lifestyle. Because they may still be working full or part time, however, they may not have the flexibility — or desire — to move to more destination-oriented locations.

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