Percentage of Home Buying Interest Down in 2019

In a recent article posted by the NAHB, they found that the average percentage of adults who reportedly have plans to purchase a home within a year has declined from 17% in 2018 during the first quarter to 13% for 2019. With this being reported as the second consecutive year-over-year drop, and could be contributed to the deterioration in the affordability of today’s housing market.

Some of the other items detailed in the Housing Trends Report (HTR)

 shows that a majority of the adults looking to purchase a home within a year are Millennials who make up 20% of the market, with Generation X following behind with 15%. Interestingly they found an increase in first time homebuyers from 54% for 2018 to 60% for 2019. With 77% of those, being made up of Millennials.

It also detailed how geographically there was a higher number of buyers planning a home purchase from the south (16%) versus other regions of the country.  Lastly, the data showed that these prospective homebuyers preferred to buy and existing home (41%) versus building a home (22%), with the remaining buyers (38%) open to either option.

In closing, today’s market is seeing a prospective decrease in buyers interest in entering the purchasing market over the next year compared to last year, however the increase in Millennials to the market is a continued move in the right direction. What will the results of the second quarter be? Time will tell. Hopefully, the market will start to see a balance in the affordability of today’s available housing to help drive the interest up in today prospective buyers.

How It Works

1

Upload Your Digital Blueprints

Select the pdf or image file on your computer and upload it!

2

Scale Your Pages And Start Measuring

Set your scale using the page scale or manually set it using a known dimension.

3

Export Your Measurements To Excel

Utilize our built in estimating engine to export your measurments right in to Excel

4

Ready To Get Started For Your 14 Day Trial

In 3 easy steps you are ready to get started on your trial. Click Here Start Your Trial Today

Some Of Our Valued Partners

Save Valuable Time and Money On Your Next Construction Estimate

The Best Online Takeoff

Available on all devices
Start Free Trial