NAHB Say Home Buyers Looking, but Facing a Tough Market

Posted To: MND NewsWire

A new poll indicates that 17 percent of adults are ready and willing to purchase a home over the next year, and many will be first-time buyers . The information comes from a new research project inaugurated this week by the National Association of Home Builders (NAHB). Its first edition of the quarterly Housing Trends Report (HTR), which covers the first quarter of 2018, contains information about prospective home buyers' take on the availability and affordability of homes for sale in their local markets. Almost half of those potential buyers (45 percent) said if they were successful it would be their first owned home . Both numbers are lower than the 24 percent with homebuying plans who responded in the fourth quarter 2017, of whom 60 percent said they would be first-time buyers. Those most...(read more)

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