Prospective Buyers’ Expectations for Housing Availability Improve for First Time Since 2020

Trends
Published
Prospective Home Buyers Availability Expectations Graph

After falling steadily for five quarters, the share of prospective buyers expecting the home search to get easier in the months ahead grew from 17% to 22% between the first and second quarters of 2022. The increase is largely the result of easing competition among buyers getting priced out of the market by recent increases in mortgage rates. In contrast, 67% expect the search to get harder/stay the same, down from 74% in the previous quarter.

Another measure confirms that buyers’ perceptions of housing inventory pivoted in the second quarter of 2022. After declining for five straight quarters, the share of buyers seeing more homes available for sale in their markets turned around in the second quarter of 2022, rising to 28% from 23% a quarter earlier.

Rose Quint, NAHB assistant vice president for survey research, provides a regional breakdown on both metrics in this Eye on Housing post.

Subscribe to NAHBNow

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

Log in to subscribe

Latest from NAHBNow

Awards

Oct 03, 2025

NAHB Awards Deadline Extended to Oct. 20

Interested applicants for NAHB’s prestigious award programs now have additional time to submit top projects and individuals for consideration. Don't miss your chance - apply by Monday, Oct. 20.

Sponsored Content

Oct 03, 2025

Fast Money, Fewer Headaches

Every week lost to underwriting is a week you’re not building, selling, or scaling. Delays push projects out of prime seasons, tighten cash flow, and leave crews idle. And when banks already move at their own pace, builders who aren’t prepared can get stuck at the back of the line.

View all

Latest Economic News

Economics

Oct 03, 2025

Supply-Side Cost Pressures Drove Housing as Inflation Leader in 2024

Though the rate of inflation peaked in June 2022, consumer prices continued to increase throughout 2023 and 2024 as inflation drove further price growth, according to 2024 CPI review from the Bureau of Labor Statistics.

Economics

Oct 02, 2025

Square Foot Prices Moderate in 2024

Median square foot prices for new single-family detached (SFD) homes started in 2024 grew modestly, according to NAHB’s analysis of the latest Survey of Construction (SOC) data. For custom, or contractor-built, homes, the median price was $166 per square foot of floor space, up slightly from $162 in 2023.

Economics

Oct 02, 2025

17% of NAHB Builders Built Age-Restricted Housing in 2024

Only 17% of NAHB builder members build age-restricted housing for people age 55 or older, according to 2024 Member Census. This is up two percentage points from the previous year. However, this share has remained within a narrow band (15%-17%) since the question was added to the member census in 2009.