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The share of Americans who are considering the purchase of a home in the next 12 months was 11% in the second quarter of 2020, essentially flat when compared to the same quarter in 2019 (12%), according to NAHB’s latest Housing Trends Report.
In light of the COVID-19 crisis, this finding indicates that the overall number of Americans who want to buy a home has not been impacted by the pandemic. Similarly, the share of these prospective buyers who are first-time buyers is about the same in the second quarter of 2020 (59%) as it was a year earlier (58%).
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