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INDUSTRY NEWS

COVID-19 Continues to Impact Home Purchasing Plans

1/28/2021

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NAHB - In the wake of the COVID-19 pandemic, more Americans are interested in purchasing homes, according to NAHB’s latest Housing Trends Report.
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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. The gain shows the coronavirus outbreak continues to impact Americans’ propensity to want to buy homes.


​Millennials stand out among the demographic groups in their intent to buy a home. Between the fourth quarters of 2019 and 2020, the share of millennials planning a home purchase rose eight points to 27%. The share increased six points to 18% among Gen Xers, three points to 16% among Gen Z, and was flat at 5% among baby boomers.
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​Geographically, the share of adults with plans to buy a home rose in all four regions during this period, led by the Northeast (up nine points to 19%) and the West (up six points to 18%).
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Rose Quint, NAHB’s assistant vice president for survey research, provides more analysis in this Eye on Housing blog post.
To read the full article on NAHB's website, click here.
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  • Home
  • Member Services
    • Pay My Bill
    • Find a BIA Member
    • Become A Member
    • Sponsorships
    • Join a Committee
    • Job Board
    • Member to Member Emails
    • Publications
    • BIA Staff and Board of Directors
  • Greater Louisville Community
    • Greater Louisville Relocation Guide
    • Find an Industry Professional
    • Find a Registered Builder
    • Find a BIA Registered Remodeler
    • Request for Conciliation
  • Events
    • Public Events >
      • Home, Garden & Remodeling Show
      • Homearama 2020
      • Homearama 2021
      • Tour of New Homes
      • Tour of Remodeled Homes
    • Member Events
    • BIA Calendar
  • EDUCATION
    • BIA Calendar
    • Class Descriptions and Rules
  • News
    • BIA Blog
    • BIA Members In The News
    • Industry News
    • BIA Social Media
  • Job Board