Some great information from our friends at the National Association Of Home Builders. [Housing Demand Caught Between High Rates & Demographics | Eye On Housing](https://eyeonhousing.org/2023/10/housing-demand-caught-between-high-rates-demographics/) Despite mortgage rates topping 7%, Americans persist in their desire to buy a home. According to the latest Housing Trends Report*, the share of adults with plans to purchase a home within a year edged up to 17% in the third quarter of 2023, up from 15% a quarter earlier. The share has fluctuated up and down without a clear trend for over a year, likely due to the push-pull between two opposing forces: higher interest rates/home prices and persistent demand stemming from demographic growth.  Meanwhile, interest for newly built homes continues to rise as the collapse of existing home inventory leaves new homes as the only option in many areas. In the third quarter of 2023, 27% of prospective buyers were looking to buy new construction, up for a third consecutive quarter after falling to 20% in the final quarter of 2022.  * The Housing Trends Report (HTR) is being discontinued due to changing budget and research priorities. This post represents its final edition. For the third quarter of 2023, the HTR only included the two series shown above. * * * ### Discover more from Muskegon Real Estate Agent, Chris Simpson,Homes For Sale, Muskegon Homes,Muskegon House For Sale, Muskegon Real Estate, West Michigan Real Estate Agent, Muskegon Realtor Subscribe to get the latest posts sent to your email. Type your email… Subscribe ### Share this: - [X](https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/?share=twitter&nb=1)
- [Facebook](https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/?share=facebook&nb=1) Like Loading... [Reblog](https://widgets.wp.com/likes/index.html?ver=20250926# "Reblog this post on your main site.") [Like](https://widgets.wp.com/likes/index.html?ver=20250926# "2 likes") - [](https://gravatar.com/moneyearnsofficial "moneyearnsofficial")
- [](https://gravatar.com/advertisementagency001 "Frank Advertisement Agency") [2 likes](https://widgets.wp.com/likes/index.html?ver=20250926#) ### _Related_ [What’s Up with Real
Estate?](https://chrissimpsonwestmichiganrealestate.com/2023/04/07/whats-up-with-real-estate/ "What’s Up with Real Estate?")April 7, 2023In "Interest Rates" [What’s Up with Real
Estate?](https://chrissimpsonwestmichiganrealestate.com/2024/09/10/whats-up-with-real-estate-5/ "What’s Up with Real Estate?")September 10, 2024In "Muskegon Homes" [What’s Up with Real
Estate?](https://chrissimpsonwestmichiganrealestate.com/2024/08/12/whats-up-with-real-estate-4/ "What’s Up with Real Estate?")August 12, 2024In "Economy" ### Leave a comment [Cancel reply](https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/#respond) Δ - [Comment](https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/#respond)
- [Reblog](https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/)
- [Subscribe](https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/) [Subscribed](https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/) - [ Muskegon Real Estate Agent, Chris Simpson,Homes For Sale, Muskegon Homes,Muskegon House For Sale, Muskegon Real Estate, West Michigan Real Estate Agent, Muskegon Realtor](https://chrissimpsonwestmichiganrealestate.com/) Join 102 other subscribers Sign me up - Already have a WordPress.com account? [Log in now.](https://wordpress.com/log-in?redirect_to=https%3A%2F%2Fr-login.wordpress.com%2Fremote-login.php%3Faction%3Dlink%26back%3Dhttps%253A%252F%252Fchrissimpsonwestmichiganrealestate.com%252F2023%252F10%252F25%252Fhousing-demand-caught-between-high-rates-demographics%252F) - - [ Muskegon Real Estate Agent, Chris Simpson,Homes For Sale, Muskegon Homes,Muskegon House For Sale, Muskegon Real Estate, West Michigan Real Estate Agent, Muskegon Realtor](https://chrissimpsonwestmichiganrealestate.com/) - [Subscribe](https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/) [Subscribed](https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/) - [Sign up](https://wordpress.com/start/) - [Log in](https://wordpress.com/log-in?redirect_to=https%3A%2F%2Fr-login.wordpress.com%2Fremote-login.php%3Faction%3Dlink%26back%3Dhttps%253A%252F%252Fchrissimpsonwestmichiganrealestate.com%252F2023%252F10%252F25%252Fhousing-demand-caught-between-high-rates-demographics%252F) - [Copy shortlink](https://wp.me/pcb0NJ-Id) - [Report this content](https://wordpress.com/abuse/?report_url=https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/) - [View post in Reader](https://wordpress.com/reader/blogs/179940723/posts/2741) - [Manage subscriptions](https://subscribe.wordpress.com/) - [Collapse this bar](https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/) [](https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/#)[](https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/#) Loading Comments... Write a Comment... Email (Required) Name (Required) Website [](https://chrissimpsonwestmichiganrealestate.com/2023/10/25/housing-demand-caught-between-high-rates-demographics/#) %d
