From the NAHB, By Rose Quint on July 24, 2018
This post releases the second edition of the Housing Trends Report (HTR), a 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. Results are not seasonally adjusted due to the short time horizon of the series, and therefore caution is advised when interpreting trends or comparing time periods. This is the first in a series of four posts highlighting results for the second quarter of 2018.
Fourteen percent of poll respondents are planning to buy a home within the next 12 months, and for 61% of those prospective home buyers, this would be their first time buying a home. In comparison, in the first quarter of 2018, 17% of respondents had plans to purchase a house within a year, and of those, 45% self-reported as first-time buyers. READ MORE HERE