NAHB Poll Shows That Homeownership Remains Priority for Americans
Arlington, VA, July 29, 2016—An
overwhelming four-out-of-five Americans believe that owning a home is a good
investment, according to a recent poll commissioned by the National Association
of Home Builders (NAHB) to gauge public sentiment on the value of homeownership
and government programs that encourage homeownership and housing production.
A nationwide survey of more than
2,800 registered voters was conducted July 22 to 24 by the polling firm Morning
“The survey shows that most
Americans believe that owning a home remains an integral part of the American
Dream and that policymakers need to take active steps to encourage and protect
homeownership,” said NAHB Chairman Ed Brady, a home builder and developer from
Among the key findings:
* 82% rate “a home for you to live
in” a good or excellent investment (the highest of six choices), far ahead of
the second option, retirement accounts, at 67%.
* 81% of 18 to 29 year-olds want
to buy a home.
* 72% support the government
providing tax incentives to encourage homeownership;
46% say now is a good time to buy
a home, twice the 23% who say it is not.
* 36% would like to buy a home in
the next three years.
Among those polled, 55% said the
biggest obstacle to buying a home was finding a home at a price you can afford,
followed by 50% who cited insufficient savings for a down payment and 41% who
reported difficulty getting approved for a home loan.