17% of Adults Plan to Buy Home in Next 12 Months; Many for the First-Time – Are your signs out?
This post releases the first edition of the Housing Trends Report (HTR), a new research product created by the NAHB Economics team with the goal of measuring prospective home buyers’ perceptions about the availability and affordability of homes for-sale in their markets. The HTR will be released quarterly in order to track changes in buyers’ perceptions over time. All data are derived from national polls of representative samples of American adults conducted for NAHB by Morning Consult. This is the first in a series of posts highlighting results for the first quarter of 2018.
Seventeen percent of poll respondents in the first quarter of 2018 said they are planning to buy a home within the next 12 months, and for 45% of those prospective home buyers, this would be the first time buying a home. In comparison, in the last quarter of 2017, 24% of respondents had plans to purchase a house within a year, and of those, 60% self-reported as first-time buyers. [ read full article ]
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