flexiblefullpage - default
Currently Reading

5 Ways the Housing Market Is Responding to Shifts in Consumer Behavior 

billboard - default
Market Data + Trends

5 Ways the Housing Market Is Responding to Shifts in Consumer Behavior 

A roundup of some of the housing industry's current trends

March 27, 2020
Neighborhood aerial view
Image: knowlesgallery

The Coronavirus is changing homebuyer behavior: Realtors are seeing less traffic, demand for virtual home tours is way up, and stay-at-home orders are closing down open houses. But most of the formal data collected so far came before the virus’s effects came into play. Zillow rounded up some of the housing industry's trends during this unprecedented time, including the violent swings in mortgage rates and how lenders are responding. 

In these first few weeks since the U.S. coronavirus began in earnest, there has been a relative lack of hard, timely data reflecting the most recent changes in the housing market. Initial signals suggest housing was on relatively solid footing in the immediate pre-crisis period – but the strength of that foundation is being severely tested.

Below is a roundup of key trends and informal data illustrating how the mortgage and home purchase markets are responding to early changes in consumer and market behavior; moves taken and proposed by both state/local and the federal government to protect consumers; and how the home building industry is faring so far.

Read more


leaderboard2 - default

Related Stories

Housing Markets

4 Cities Where Housing Inventory Now Exceeds Pre-Pandemic Levels

San Antonio leads with the greatest surge in the number of homes available post-pandemic


Aging in Place: My Aunt Nancy’s New ADU

An apartment addition for an accessory dwelling unit to allow a family member to age in place presents several challenges and lessons learned for both the homeowners and contractor alike

Housing Markets

Average Homebuyer Income Increased Considerably in 'Pandemic Boomtowns'

Remote workers moving to Boise, for example, have raised the average annual income of homebuyers by 24%, to $98,000

boombox1 -
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.