Buyers Perception of Housing Availability Improved in Q4 According to Latest Housing Trends Report

According to the latest Housing Trends Report from the National Association of Home Builders (NAHB) buyer’s perception about housing availability showed significant improvement in Q4 2020. In Q4, 37% of prospective buyers expected their search for a home would be easier in the months ahead, while 54% expected it to be more difficult or remain the same. In comparison, in Q4 of 2019, 23% expected availability improvements and 65% thought it would turn more difficult to find a home to buy. Buyers’ opinions are being influenced by the fact that more new and existing homes were sold in 2020 than in any other year since 2006. Regional expectations that housing would be more available ranged from an increased from 22% to 46% in the Northeast and from 21% to 40% in the West. With smaller gains being anticipated in the South, up from 24% to 32% and 23% to 25% in the Midwest.