Tag: home buyer
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.
Expectations for Housing Availability Improve
More than one-in-four prospective buyers (28%) in the third quarter of 2020 expect their search for a home to become easier in the months ahead, while 61% percent expect it will be harder or stay the same, according to the latest Housing Trends Report.
Multiple Offers for Homes on the Market are Becoming More Common
In a sign that the inventory of for-sale homes remains tight, NAHB’s quarterly Housing Trends Report reveals that more buyers are finding their home search delayed because of a rising number of multiple offers on the same property. The survey found 30% of active buyers reported getting outbid by another buyer in the second quarter of 2020, significantly higher than the comparable 18% share a year earlier.
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%.
How Millennial Layout Preferences Differ From Other Generations
Millennials are more inclined to want features such as two-story homes, open layouts, and a greater number of bedrooms and bathrooms than other generations, according to data from NAHB’s “What Home Buyers Really Want” report.
Making the Sale: The Importance of a Buyer Profile
A model home’s job is to accurately reach a target buyer and create a space where a prospective buyer can envision themselves living. To be successful, you and your merchandiser must develop a buyer profile, which will teach you how a prospective buyer will be living in your home and what matters most.
More Buyers Report It’s Harder to Find a Home
The percentage of prospective home buyers reporting that their house search was getting harder or not improving rose from 65% at the end of the fourth quarter of 2017 to 72% in the final quarter of 2018, according to NAHB’s latest Housing Trends Report.
Active Buyers Taking Their Time to Search for the Right Home
Active home buyers are taking their time to search for their dream home, according to the latest analysis from the Housing Trends Report, a research product created by the NAHB Economics team with the goal of measuring prospective home buyers’ perceptions about the availability and affordability of home for-sale in their markets.
Buyers Say It’s Harder to Find the Right Home
Prospective home buyers say it is getting more difficult to find the right home, according to a quarterly survey based on national polls conducted by Morning Consult.
