The NAHB recently released their annual What Home Buyers Really Want report that they say sheds light on the housing preferences of the typical home buyer as well as how those preferences change over time, and how they may vary based on demographic factors. To get their data, the NAHB commissioned a nationwide survey of 3,247 recent & prospective home buyers in the summer of 2020. Respondents were carefully selected and weighted to represent the actual universe of home owners in the country, in terms of their geographic distribution, age, income and racial/ethnic composition. Indeed…
“Prior to COVID-19, 26% of buyers would have preferred to buy their next home in an outlying suburb. Now, since the arrival of the pandemic, that share is 30% – the largest shift in preference for any location during this period. All other locations listed saw either a slight decline in preference or no change at all.”
Some of the findings:
Click here to read more of the report’s findings at the NAHB.