Trends
Nearly 90% of Builders Have Trouble Getting Appliances
While builders continue to report they are facing problems obtaining lumber and other building materials, you can add appliances to that list.
Suburban Shift for Construction in 2020
The suburban shift in home building to meet growing buyer preferences for lower density, lower cost markets stemming from the COVID-19 pandemic that was first reported in the second quarter NAHB Home Building Geography Index (HBGI) has continued throughout the rest of 2020.
Builders Cite Building Material Prices as Top Challenge
Nearly nine out of 10 builders expect building material prices will be their top challenge in 2021, according to a December 2020 survey where builders were asked about the problems they confronted in 2020 and expect to face in 2021.
NAHB Announces Top Sustainable and Green Building Trends and Features in Homes
Energy efficiency is a primary driver in home buyer preferences, according to research from NAHB revealed today during a press conference held in conjunction with the 2021 IBSx.
NAHB Identifies Top Features and Design Trends for 2021 in the Wake of COVID-19
After declining for four years, a number of key trends — including the average size of the home and the number of bedrooms and bathrooms — reversed course in 2020 as a result of shifting buyer preferences in the wake of COVID-19.
Housing an Economic Bright Spot but Regulatory, Affordability Challenges Persist
As the country continues to rebound from the impact of the COVID-19 pandemic, housing has been a bright spot in the economic recovery. And while the home building industry is poised for another solid year in 2021, regulatory and supply-side challenges could harm housing affordability, slowing momentum and limiting growth, according to economists speaking at an online press conference in conjunction with the 2021 virtual International Builders’ Show.
Expectations for Housing Availability Continue to Improve
NAHB’s latest Housing Trends Report shows home buyers’ perceptions about the availability of homes in the market significantly improved compared to the same period last year.
Big Shift in Interest for New Homes
NAHB’s latest Housing Trends Report shows that in the final quarter of 2020, 41% of prospective buyers were looking for a newly-built home — more than twice the 19% share registered a year earlier. Conversely, the share interested in an existing home declined from 40% to 30%, while the share indifferent to either type of home fell from 41% to 29%.
COVID-19 Continues to Impact Home Purchasing Plans
In the wake of the COVID-19 pandemic, more Americans are interested in purchasing homes, according to NAHB’s latest Housing Trends Report. The share of Americans who are considering the purchase of a home in the next 12 months was 15% in the fourth quarter of 2020, four percentage points higher than a year earlier and the largest year-over-year gain in the three-year history of this series.
Residential Construction: Net Job Gains Offset Losses from the Pandemic
From May through December, the number of new residential construction jobs that were created offset the total amount of jobs that were lost earlier in 2020 due to the COVID-19 pandemic.
