“The New Home in 2015”

The National Association of Home Builders released the results of a survey about expected housing trends over the next five years.

“The New Home in 2015” Special Studies, March 2, 2010
by Rose Quint, Assistant Vice President for Survey Research
Economics and Housing Policy
National Association of Home Builders

Report available to the public as a courtesy of http://www.housingeconomics.com/

I wanted to use this report and reflect on past housing recessions as a guide. In the past, there were ideas and concepts that worked and some that didn’t work. Regardless of the trends and the survey results, to sell a house in today’s market, set an overwhelming price for the value.

We must consider some other changes expected over the next four years and beyond.

4,000,000 added to the population each year

2,000.000 workers added each year

4,000,000 enter retirement each year

Nationwide in 2005: 70% graduation rate

63% earn a BA within 6-yrs.

Next week, I will review the survey results and use our past to judge the validity of the survey results.