More Prospective Buyers are First-Timers


The share of prospective buyers who are purchasing a home for the first time increased for a fourth consecutive quarter, up to 65% in the third quarter of 2021, according to results from NAHB’s Housing Trends Report. A year earlier, the share was 56%.

Moreover, more than 60% of prospective buyers in every region of the nation are first-timers. In the third quarter of 2021, a record 69% of buyers in the Midwest are purchasing for the first time, along with 65% of those in the Northeast and South, and 61% in the West.

Rose Quint, NAHB assistant vice president for survey research, provides more insight in this post from Eye on Housing.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe