The National Association of Home Builders (NAHB) latest Housing Trends Report (HTR) reveals that the share of adults who are thinking about purchasing a new home within the next 12-months decline by 10% in the first quarter of 2020. This is the lowest first quarter reading in three years. This decline is also the sixth consecutive year-over-year drop in the share of those planning to buy a home in the year ahead. For a majority of these buyers ~61% this will be their first time buying a home.
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Share of Americans Looking to Buy a Home Drops to Lowest 1st Quarter Reading in Three Years