Just Who is Buying Homes?

Printer-friendly version
August 03, 2015

The NAHB examined data the housing market from 2011 to 2012 and found a few trends.

The study matches what logic might indicate: It found that new home buyers are older, earn more money, and buy bigger homes, but that first-time home buyers are younger and buy cheaper, smaller dwellings.

For instance, the typical new home buyer, judging by median figures, is a 40-year-old person that makes nearly $85,000 a year and purchased a $231,000, 2,200 square-foot house. First-time home buyers are 32-years-old, make nearly $63,000, and buy $146,000, 1,600 square-foot homes.

Read More

Comments on: "Just Who is Buying Homes?"

July 2017

This Month in Professional Builder

Products
Features

Ashton Woods launched Starlight Homes to target entry-level home...

Overlay Init