Tag: homeownership

Young Households Experienced Largest Gains for Homeownership in 2019

Filed in Economics by on October 12, 2021 0 Comments
Young Households Experienced Largest Gains for Homeownership in 2019

Young households (those under the age of 35) experienced the largest gains for homeownership in 2019, according to data from the Federal Reserve Board’s 2019 Survey of Consumer Finances (SCF).

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Housing Industry Shines Spotlight on Homeownership Month in June

Filed in Advocacy, Membership by on June 2, 2021 0 Comments
Housing Industry Shines Spotlight on Homeownership Month in June

Each year, the housing industry celebrates homeownership month in June as an opportunity to remind consumers about the importance of home in our lives. NAHB has a toolkit available for HBAs and members to help promote the value of homeownership.

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COVID-19 Continues to Fuel Desire for Homeownership

Filed in Economics, Trends by on April 26, 2021 6 Comments
COVID-19 Continues to Fuel Desire for Homeownership

Interest in homeownership among prospective buyers continues to grow in the wake of the COVID-19 pandemic, with 16% of American adults looking to purchase a home in the next 12 months — up from 10% year over year — according to NAHB’s Housing Trends Report for the first quarter of 2021. This is the third — and largest — year over year increase in the series’ history.

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Escalating Lumber Prices Hamper Home Owner Dreams

Filed in Advocacy, Material Costs by on September 2, 2020 15 Comments
Escalating Lumber Prices Hamper Home Owner Dreams

Lumber prices have skyrocketed since mid-April, rising 130% and increasing the cost of a single-family home by more than $16,000. NAHB continues to advocate for solutions, but they may not come fast enough for prospective home owners who now find themselves scrambling for alternatives as a result of these skyrocketing prices.

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Resources to Promote National Homeownership Month in June

Filed in Membership by on June 2, 2020 0 Comments
Resources to Promote National Homeownership Month in June

National Homeownership Month in June is an opportunity to remind consumers about the evolving role of the home and its importance in our lives.

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Home Buyers Bearish on Affordability

Filed in Economics, Housing Affordability by on May 5, 2020 0 Comments
Home Buyers Bearish on Affordability

While home buyers report slightly more optimistic expectations for future housing availability in the first quarter of 2020, there is no commensurate improvement in their outlook for affordability. In fact, 78% say they can afford fewer than half the homes available in their markets.

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Minority Homeownership Rate Drops in 1st Quarter of 2019

Filed in Economics 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

Filed in Economics, Housing Affordability, Multifamily by on June 26, 2019 1 Comment
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

Filed in Economics, Housing Affordability by on June 13, 2019 3 Comments
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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How Affordable are Homes in Your Area?

Filed in Economics 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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