Green is Gold When Marketing to Millennials - found that if the costs could be included in their mortgage loan, more than half (51%) of those aged 18 to 34 would be interested in improving home energy efficiency, and 48% would be interested in installing solar panels.
It’s important to know that Millennials’ expectations for their homes differ from those of other generations. For example, net-zero all-electric homes, Quartz surfaces, induction cooktops, and water conservation are among their priorities.
This document summarizes the key points from the 2009 Home Improvement Economic Summit. It discusses trends in the remodeling industry such as green remodeling and aging in place. It also outlines projections for growth in the remodeling market through 2015, including a forecast of modest declines in 2009 followed by annual real growth of 3.5-4.5% over the next decade. The document highlights factors driving further industry growth such as the aging housing stock, increasing household formation, and consumer preferences for larger, more upgraded homes.
This presentation discusses drivers and barriers to home energy retrofits in Ireland. Survey findings show high reported willingness to retrofit but lower follow through. Key barriers include upfront costs, complexity of the process, and lack of information. International research suggests that low cost audits, financing options, targeting specific neighborhoods, and appointing project managers can help increase retrofit rates. A case study from Fort Collins used targeted marketing, subsidies, and financing to double enrollment in their program compared to a previous effort.
The document outlines the goals and elements of the Energy Upgrade California program. The program aims to complete 130,000 home retrofits to increase energy efficiency, create jobs, and change long-term energy use behaviors. It provides rebates up to $4,500 for home upgrades like insulation, HVAC systems, and solar panels. Extensive market research was conducted to understand barriers and target markets like homeowners aged 35-54 and those living in homes built before 1940. The program emphasizes the benefits of upgrades like reduced utility bills, increased property values, environmental protection, and home comfort.
The document provides the results of a survey on home improvements and repairs conducted in England between February 19-22, 2021 with 1,020 adults aged 18-75. Key findings include:
- Three quarters of respondents said they were satisfied with their home, with those aged 50-70 having higher satisfaction levels.
- Home renovations and repairs were priorities for two-thirds of people in the next two years, with kitchen, bedroom and bathroom renovations most commonly mentioned. Those aged 50-70 were more likely to say improvements weren't needed.
- The top reason for wanting improvements was for comfort, while affordability was the main barrier to completing all planned work.
Lesson 2.8IntroductionCourse ObjectivesThis lesson will addr.docxsmile790243
Lesson 2.8
Introduction
Course Objectives
This lesson will address the following course outcomes:
· 7. Read, interpret, and make decisions based upon data from tables and graphical displays such as line graphs, bar graphs, scatterplots, pie charts, and histograms. Given data, choose an appropriate type of graphical display and create it using scales appropriate to the application.
Specific Objectives
Students will understand that
· the scale on graphs can change perception of the information they represent.
· to fully understand a pie graph, the reference value must be known.
Students will be able to
· calculate relative change from a line graph.
· estimate the absolute size of the portions of a pie graph given its reference value.
· use data displayed on two graphs to estimate a third quantity.
Graphs are a helpful way to summarize data. Often there are many ways to portray information graphically. Sometimes one form is easier to read than another. Sometimes the way a graph is made can affect the impression it gives. Today, you will look at three examples of such graphs.
Line Graphs
Problem Situation 1: Reading Line Graphs
#1 Points possible: 5. Total attempts: 5
Compare the two graphs below.
Which statement best descries the relationship between the graphs?
· The data appears to be different - the first graph shows larger changes in income
· They appear to show the same data, but on different vertical scales.
#2 Points possible: 5. Total attempts: 5
What was the average household income in 1999?
$
#3 Points possible: 5. Total attempts: 5
Based on these two graphs, would it be fair to say that the average household income was significantly lower in 2009 than it was in 1999?
Give your answer with an explanation, then compare your answer to the one provided.
Bar Graphs
Problem Situation 2: Reading Bar Graphs
In this example, we will be looking at bar graphs. Before doing that, answer the question about Jeff’s Housing so that you can understand the questions about national debt and GDP that follow.
#4 Points possible: 15. Total attempts: 5
Jeff’s Housing: Two pairs of statements are given below.
In 1990, Jeff spent $1,000 per month on housing.
In 2010, Jeff spent $2,000 per month on housing.
In 1990, Jeff spent 20% of his income on housing.
In 2010, Jeff spent 10% of his income on housing.
a. How can both pairs of statements be true?
· It is not possible for both statements to be true, since one shows his housing costs rising, and the other shows his housing costs decreasing
· Both statements can be true if his income increased significantly from 1990 to 2010
· Both statements can be true if his income fell significantly from 1990 to 2010
b. Calculate Jeff's monthly income in 1990
$
c. Calculate Jeff's monthly income in 2010
$
GDP, or Gross Domestic Product, can be thought of as the country’s income. It is the value of all goods and services the country produces. The national debt is how much the country owes. Just as Jeff’s spendi ...
Insights to Consumer Behaviour and action - Josephine Maguire, SEAISustainableEnergyAut
Insights to Consumer Behaviour and action presentation by Josephine Maguire, SEAI at the Unlocking the energy Efficiency Opportunity report launch 2015.
The seminar presented new insights including the scale of the energy efficiency opportunity; the costs and benefits of 2020 target achievement; and policy options based on a new analysis of investor behaviour and decision-making.
The launch of the report was accompanied by presentations from exemplar projects from the SEAI energy efficiency programmes and a panel discussion exploring how we might accelerate the pace of retrofit in Ireland. New insights into the attitudes of investors was presented and the multiple benefits of energy efficiency explored.
The document summarizes research on consumer behavior and attitudes towards home energy improvements. Key findings include:
- Consumers prioritize self-reward, convenience and control in spending decisions. While interest in home improvements is high, willingness to undertake actual projects is more muted when action is involved.
- The energy landscape is confusing for consumers with low understanding of costs and offers. This makes meeting demands for transparency in investment decisions difficult.
- Awareness of energy efficiency measures is increasing but rates of undertaking improvements have remained static. Top interests are attic insulation, solar panels, and window glazing.
- Expense is the main barrier, though more consumers are open to loans compared to previous research. Average monthly re
This document summarizes the key points from the 2009 Home Improvement Economic Summit. It discusses trends in the remodeling industry such as green remodeling and aging in place. It also outlines projections for growth in the remodeling market through 2015, including a forecast of modest declines in 2009 followed by annual real growth of 3.5-4.5% over the next decade. The document highlights factors driving further industry growth such as the aging housing stock, increasing household formation, and consumer preferences for larger, more upgraded homes.
This presentation discusses drivers and barriers to home energy retrofits in Ireland. Survey findings show high reported willingness to retrofit but lower follow through. Key barriers include upfront costs, complexity of the process, and lack of information. International research suggests that low cost audits, financing options, targeting specific neighborhoods, and appointing project managers can help increase retrofit rates. A case study from Fort Collins used targeted marketing, subsidies, and financing to double enrollment in their program compared to a previous effort.
The document outlines the goals and elements of the Energy Upgrade California program. The program aims to complete 130,000 home retrofits to increase energy efficiency, create jobs, and change long-term energy use behaviors. It provides rebates up to $4,500 for home upgrades like insulation, HVAC systems, and solar panels. Extensive market research was conducted to understand barriers and target markets like homeowners aged 35-54 and those living in homes built before 1940. The program emphasizes the benefits of upgrades like reduced utility bills, increased property values, environmental protection, and home comfort.
The document provides the results of a survey on home improvements and repairs conducted in England between February 19-22, 2021 with 1,020 adults aged 18-75. Key findings include:
- Three quarters of respondents said they were satisfied with their home, with those aged 50-70 having higher satisfaction levels.
- Home renovations and repairs were priorities for two-thirds of people in the next two years, with kitchen, bedroom and bathroom renovations most commonly mentioned. Those aged 50-70 were more likely to say improvements weren't needed.
- The top reason for wanting improvements was for comfort, while affordability was the main barrier to completing all planned work.
Lesson 2.8IntroductionCourse ObjectivesThis lesson will addr.docxsmile790243
Lesson 2.8
Introduction
Course Objectives
This lesson will address the following course outcomes:
· 7. Read, interpret, and make decisions based upon data from tables and graphical displays such as line graphs, bar graphs, scatterplots, pie charts, and histograms. Given data, choose an appropriate type of graphical display and create it using scales appropriate to the application.
Specific Objectives
Students will understand that
· the scale on graphs can change perception of the information they represent.
· to fully understand a pie graph, the reference value must be known.
Students will be able to
· calculate relative change from a line graph.
· estimate the absolute size of the portions of a pie graph given its reference value.
· use data displayed on two graphs to estimate a third quantity.
Graphs are a helpful way to summarize data. Often there are many ways to portray information graphically. Sometimes one form is easier to read than another. Sometimes the way a graph is made can affect the impression it gives. Today, you will look at three examples of such graphs.
Line Graphs
Problem Situation 1: Reading Line Graphs
#1 Points possible: 5. Total attempts: 5
Compare the two graphs below.
Which statement best descries the relationship between the graphs?
· The data appears to be different - the first graph shows larger changes in income
· They appear to show the same data, but on different vertical scales.
#2 Points possible: 5. Total attempts: 5
What was the average household income in 1999?
$
#3 Points possible: 5. Total attempts: 5
Based on these two graphs, would it be fair to say that the average household income was significantly lower in 2009 than it was in 1999?
Give your answer with an explanation, then compare your answer to the one provided.
Bar Graphs
Problem Situation 2: Reading Bar Graphs
In this example, we will be looking at bar graphs. Before doing that, answer the question about Jeff’s Housing so that you can understand the questions about national debt and GDP that follow.
#4 Points possible: 15. Total attempts: 5
Jeff’s Housing: Two pairs of statements are given below.
In 1990, Jeff spent $1,000 per month on housing.
In 2010, Jeff spent $2,000 per month on housing.
In 1990, Jeff spent 20% of his income on housing.
In 2010, Jeff spent 10% of his income on housing.
a. How can both pairs of statements be true?
· It is not possible for both statements to be true, since one shows his housing costs rising, and the other shows his housing costs decreasing
· Both statements can be true if his income increased significantly from 1990 to 2010
· Both statements can be true if his income fell significantly from 1990 to 2010
b. Calculate Jeff's monthly income in 1990
$
c. Calculate Jeff's monthly income in 2010
$
GDP, or Gross Domestic Product, can be thought of as the country’s income. It is the value of all goods and services the country produces. The national debt is how much the country owes. Just as Jeff’s spendi ...
Insights to Consumer Behaviour and action - Josephine Maguire, SEAISustainableEnergyAut
Insights to Consumer Behaviour and action presentation by Josephine Maguire, SEAI at the Unlocking the energy Efficiency Opportunity report launch 2015.
The seminar presented new insights including the scale of the energy efficiency opportunity; the costs and benefits of 2020 target achievement; and policy options based on a new analysis of investor behaviour and decision-making.
The launch of the report was accompanied by presentations from exemplar projects from the SEAI energy efficiency programmes and a panel discussion exploring how we might accelerate the pace of retrofit in Ireland. New insights into the attitudes of investors was presented and the multiple benefits of energy efficiency explored.
The document summarizes research on consumer behavior and attitudes towards home energy improvements. Key findings include:
- Consumers prioritize self-reward, convenience and control in spending decisions. While interest in home improvements is high, willingness to undertake actual projects is more muted when action is involved.
- The energy landscape is confusing for consumers with low understanding of costs and offers. This makes meeting demands for transparency in investment decisions difficult.
- Awareness of energy efficiency measures is increasing but rates of undertaking improvements have remained static. Top interests are attic insulation, solar panels, and window glazing.
- Expense is the main barrier, though more consumers are open to loans compared to previous research. Average monthly re
- A survey of over 1,000 Americans and 100 green energy advocates found widespread support for transitioning to renewable energy sources and upgrading energy infrastructure.
- Two-thirds saw major energy waste with the current system and half thought 20% renewable energy target in 5 years was reasonable.
- While cost and confusion were seen as barriers, there was a $40 gap between what people were willing to pay for green energy and their perceptions of its actual cost.
- Smart grid investment garnering over 60% support with incentives to reduce energy use, indicating openness to new technologies.
The document is a student exit survey from an architecture program assessing students' experience and plans after graduation. It contains questions about the student's time in the program, honors received, employment and job offers. There are also sections assessing the student's knowledge and opinions of green buildings, including their willingness to purchase one based on factors like cost, location and incentives. The survey collects demographic information and gathers perspectives on initial capital costs for green building projects.
This document discusses five alternatives - A, B, C, D and E - that are being evaluated using the incremental rate of return method. It provides the initial investment amounts and overall and incremental rates of return for each alternative. It also lists three problems related to selecting the best alternative based on different minimum attractive rates of return and whether the projects are mutually exclusive or independent.
We all know that Student Housing can be a source of revenue for College and University campuses. If the beds are all filled, and the daily costs are managed in an effective way, there is potential to invest in non-operating opportunities. This webinar explored the different ways institutions are allocating their net revenues within Student Housing. We reviewed 2 different housing operations and explored how they performed to their targets and what resources they have to further their programs.
The document provides the mark scheme for Cambridge International Examinations' GCE Advanced Level exam for Business Studies. It outlines the requirements for various questions on the exam and how examiners will allocate marks for different levels of responses. The summary includes key details about the exam, such as the maximum raw mark of 100, as well as an overview of the types of questions and what constitutes a high-level response for each question.
This document summarizes key findings from the 2015 Remodeling Impact Report by the National Association of REALTORS® Research Department. It examines homeowners' reasons for remodeling projects, the success and increased happiness from completing projects, and estimated costs and value recovered from common interior and exterior remodeling jobs. Key interior projects that provided high consumer satisfaction and cost recovery included hardwood flooring refinish, new bathrooms, and kitchen renovations. Exterior projects like roof replacements and siding replacements also provided good cost recovery.
The document discusses trends in the US housing market, noting that most future household and new home growth will come from the 55+ demographic as the baby boomer generation ages. It analyzes household wealth, income, and homeownership rates by age group and predicts that rising interest rates will significantly impact demand from younger households due to lower savings and wealth. The presentation recommends real estate companies focus on capturing the 55+ market through targeted locations, amenities, and community designs that meet the needs of older consumers.
The document discusses the business case for green building and provides statistics on the growing green building market. It notes that environmental responsibility, customer demand, and keeping up with competitors are top motivators for builders to go green. The green building market is expected to significantly increase over the next 5 years. Perceived higher costs and lack of consumer awareness are key challenges.
The document proposes a rental rehabilitation program to address the needs of low-income renters and aging rental properties in the city. It provides background on existing affordable housing programs and housing conditions. The proposed program would provide 0% interest loans to landlords to bring rental units up to code standards and increase energy efficiency, with portions of the loans forgiven for meeting priorities. The program aims to preserve affordable rental housing and require properties to maintain affordability periods of 5, 10, or 15 years depending on loan amount. The document recommends approving guidelines for the rental rehabilitation program.
Trends and Tremors in the Sustainable Investing LandscapeSustainable Brands
Paul Herman, CEO & Founder, HIP Investor, Inc.
Bart Houlahan, Co-Founder, B Lab
Stephen J. Donofrio, VP, Partnerships & Innovation, CDP North America
Bill Baue, Corporate Sustainability Architect
Joy Poland, President, Building Bridges, LLC
What sustainability-related trends are picking up among investors, and are there reasons to believe any of these trends might see mainstream adoption? What next-level benchmarks should brands pay attention to, and why? Are the principles of fossil divestment and localization ever going to take off, or have they already?
Michael Bodaken discusses how utility energy efficiency programs underserve multifamily affordable housing. While these programs are growing, targeting over $12 billion by 2020, they focus on single-family homes and commercial buildings rather than multifamily housing's unique needs. The National Housing Trust is working with partners in 5 states to document best practices, identify obstacles, and demonstrate savings potential to deploy more utility funding for multifamily retrofits. Early lessons indicate focusing on energy savings over cost savings, partnering with housing agencies, and tailored programs are needed. Examples from Iowa and New Jersey show partnerships achieving retrofits through enhanced rebates and financing.
The future of home remodeling and renovation will play a larger role in homeowners building product purchasing and improvement strategy for years to come.
Homeowners and renters remodel, redesign, and restructure their home for a variety of reasons. This report takes a deep dive into the reasons for remodeling, the success of taking on projects, and the increased happiness found in the home once a project is completed.
This document provides a mark scheme for the GCE Economics exam. It outlines the general marking guidance, then provides specific mark schemes for two questions - 6EC01 and 6EC02. It includes possible answers, explanations, and number of marks awarded for each. The document also contains contact information for Edexcel, the examining body, and details about the publication including copyright information.
Annie Williams Real Estate Report Sept-Oct 2015Jon Weaver
Even with rising home prices over the past few years, many homeowners who have considered selling are deciding not to because they are caught in an affordability squeeze that is
compounded by a lack of inventory, according to findings from the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2015 Survey of California Homeowners.” More than one-third (35%) of homeowners have considered selling their home in the past year, and of that share, about two-thirds (64%) are reluctant to sell because they are finding they can’t afford the home they really want, the survey found.
National homebuyer confidence reaches its highest level since 2007 according to the Genworth Homebuyer Confidence Index. Nearly half of Australians believe it is now a good time to buy a home. Mortgage stress is also easing as interest rates fall. While all states saw increased confidence except Tasmania, Victoria saw the largest rise after a decline in March 2012. Recent university graduates are more property-savvy, saving shorter times for smaller deposits than average.
The document provides a statistical profile and cluster analysis of customers for Acme Company. It analyzes customers across various demographic variables like age, income, occupation, household type, and interests. Four key customer clusters are identified that differ in characteristics like income, education, and other attributes. The analysis aims to develop targeted marketing recommendations for Acme based on which customer segments are most likely to respond.
Expectations and Considerations for 2024
To say that the high-end market has seen a dramatic growth over the last few years is probably an
understatement. The recognition of its impact and undeniable influence, through emerging trends
and architectural innovations, on the broader real estate landscape has been equally significant.
As we step into 2024, the luxury market now stands at another fascinating juncture.
This sector, known for its resilience and capacity to set trends, experienced a notable positive shift
towards the end of 2023. After a period of stagnation driven by economic uncertainties, the market
saw a resurgence in activity, marking a pivotal moment for affluent investors and luxury property
enthusiasts.
The initial three quarters of 2023 were characterized by a cautious approach from both buyers and
sellers, largely attributed to the unpredictable economic climate. Concerns over inflation, fluctuating
interest rates, and the overall economic outlook led to a slowdown in transactions.
However, the landscape began to shift in the last quarter of the year. As indicators of economic
stabilization became more apparent, confidence returned to the luxury real estate market. This
confidence was mirrored in increased inventory levels and a subsequent rise in sales, surpassing
figures from the same period in 2022.
A Market Still Evolving
Early statistics from January 2024, based on the 155 markets researched by The Institute, suggest
that this positive trend is not only continuing but has the potential to accelerate, particularly in
the single-family luxury market. Indicators point to a robust spring market that could potentially
outperform the previous year.
In the luxury single-family market not only are all the data parameters stronger compared to
January 2022, but there is also a trending upwards compared to December 2023. Both the overall
inventory level and new listings entering the market grew 15.9% and 25.4% respectively compared to
NORTH AMERICAN LUXURY REVIEW
January 2023. Compared to December 2023, inventory grew 2% but more importantly, new listings
by a staggering 88.9%. As a result, the single-family market saw an 18.4% increase in sales during
January 2024 compared to January 2023, and the median sold price increased by 1.6%.
Institute of Luxury Home Marketing - Silicon Valley FEB 2024 | Lynne MacFarla...Lynne Watanabe-MacFarlane
Here's the Feb 2024 Institute of Luxury Home Marketing report for Silicon Valley (Peninsula and South Bay Area).
Please Like & Subscribe to Lynne MacFarlane Homes newsletter and search platform for the newest listings and market information.
https://lynnemacfarlane.realscout.me/
YouTube Channel: https://www.youtube.com/@LynneMacfarlaneHomes/videos
Facebook Page: https://www.facebook.com/LynneMacFarlaneHomes
Instagram: https://www.instagram.com/lynnemacfarlanerealtor/
LinkedIn: https://www.linkedin.com/in/lynnemacfarlane/
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- Two-thirds saw major energy waste with the current system and half thought 20% renewable energy target in 5 years was reasonable.
- While cost and confusion were seen as barriers, there was a $40 gap between what people were willing to pay for green energy and their perceptions of its actual cost.
- Smart grid investment garnering over 60% support with incentives to reduce energy use, indicating openness to new technologies.
The document is a student exit survey from an architecture program assessing students' experience and plans after graduation. It contains questions about the student's time in the program, honors received, employment and job offers. There are also sections assessing the student's knowledge and opinions of green buildings, including their willingness to purchase one based on factors like cost, location and incentives. The survey collects demographic information and gathers perspectives on initial capital costs for green building projects.
This document discusses five alternatives - A, B, C, D and E - that are being evaluated using the incremental rate of return method. It provides the initial investment amounts and overall and incremental rates of return for each alternative. It also lists three problems related to selecting the best alternative based on different minimum attractive rates of return and whether the projects are mutually exclusive or independent.
We all know that Student Housing can be a source of revenue for College and University campuses. If the beds are all filled, and the daily costs are managed in an effective way, there is potential to invest in non-operating opportunities. This webinar explored the different ways institutions are allocating their net revenues within Student Housing. We reviewed 2 different housing operations and explored how they performed to their targets and what resources they have to further their programs.
The document provides the mark scheme for Cambridge International Examinations' GCE Advanced Level exam for Business Studies. It outlines the requirements for various questions on the exam and how examiners will allocate marks for different levels of responses. The summary includes key details about the exam, such as the maximum raw mark of 100, as well as an overview of the types of questions and what constitutes a high-level response for each question.
This document summarizes key findings from the 2015 Remodeling Impact Report by the National Association of REALTORS® Research Department. It examines homeowners' reasons for remodeling projects, the success and increased happiness from completing projects, and estimated costs and value recovered from common interior and exterior remodeling jobs. Key interior projects that provided high consumer satisfaction and cost recovery included hardwood flooring refinish, new bathrooms, and kitchen renovations. Exterior projects like roof replacements and siding replacements also provided good cost recovery.
The document discusses trends in the US housing market, noting that most future household and new home growth will come from the 55+ demographic as the baby boomer generation ages. It analyzes household wealth, income, and homeownership rates by age group and predicts that rising interest rates will significantly impact demand from younger households due to lower savings and wealth. The presentation recommends real estate companies focus on capturing the 55+ market through targeted locations, amenities, and community designs that meet the needs of older consumers.
The document discusses the business case for green building and provides statistics on the growing green building market. It notes that environmental responsibility, customer demand, and keeping up with competitors are top motivators for builders to go green. The green building market is expected to significantly increase over the next 5 years. Perceived higher costs and lack of consumer awareness are key challenges.
The document proposes a rental rehabilitation program to address the needs of low-income renters and aging rental properties in the city. It provides background on existing affordable housing programs and housing conditions. The proposed program would provide 0% interest loans to landlords to bring rental units up to code standards and increase energy efficiency, with portions of the loans forgiven for meeting priorities. The program aims to preserve affordable rental housing and require properties to maintain affordability periods of 5, 10, or 15 years depending on loan amount. The document recommends approving guidelines for the rental rehabilitation program.
Trends and Tremors in the Sustainable Investing LandscapeSustainable Brands
Paul Herman, CEO & Founder, HIP Investor, Inc.
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This document provides a mark scheme for the GCE Economics exam. It outlines the general marking guidance, then provides specific mark schemes for two questions - 6EC01 and 6EC02. It includes possible answers, explanations, and number of marks awarded for each. The document also contains contact information for Edexcel, the examining body, and details about the publication including copyright information.
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Similar to Green Home Improvements and Home Repairs - Fannie Mae Q4 2021 (20)
Expectations and Considerations for 2024
To say that the high-end market has seen a dramatic growth over the last few years is probably an
understatement. The recognition of its impact and undeniable influence, through emerging trends
and architectural innovations, on the broader real estate landscape has been equally significant.
As we step into 2024, the luxury market now stands at another fascinating juncture.
This sector, known for its resilience and capacity to set trends, experienced a notable positive shift
towards the end of 2023. After a period of stagnation driven by economic uncertainties, the market
saw a resurgence in activity, marking a pivotal moment for affluent investors and luxury property
enthusiasts.
The initial three quarters of 2023 were characterized by a cautious approach from both buyers and
sellers, largely attributed to the unpredictable economic climate. Concerns over inflation, fluctuating
interest rates, and the overall economic outlook led to a slowdown in transactions.
However, the landscape began to shift in the last quarter of the year. As indicators of economic
stabilization became more apparent, confidence returned to the luxury real estate market. This
confidence was mirrored in increased inventory levels and a subsequent rise in sales, surpassing
figures from the same period in 2022.
A Market Still Evolving
Early statistics from January 2024, based on the 155 markets researched by The Institute, suggest
that this positive trend is not only continuing but has the potential to accelerate, particularly in
the single-family luxury market. Indicators point to a robust spring market that could potentially
outperform the previous year.
In the luxury single-family market not only are all the data parameters stronger compared to
January 2022, but there is also a trending upwards compared to December 2023. Both the overall
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NORTH AMERICAN LUXURY REVIEW
January 2023. Compared to December 2023, inventory grew 2% but more importantly, new listings
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Institute of Luxury Home Marketing - Silicon Valley FEB 2024 | Lynne MacFarla...Lynne Watanabe-MacFarlane
Here's the Feb 2024 Institute of Luxury Home Marketing report for Silicon Valley (Peninsula and South Bay Area).
Please Like & Subscribe to Lynne MacFarlane Homes newsletter and search platform for the newest listings and market information.
https://lynnemacfarlane.realscout.me/
YouTube Channel: https://www.youtube.com/@LynneMacfarlaneHomes/videos
Facebook Page: https://www.facebook.com/LynneMacFarlaneHomes
Instagram: https://www.instagram.com/lynnemacfarlanerealtor/
LinkedIn: https://www.linkedin.com/in/lynnemacfarlane/
Here's the report from the Institute of Luxury Home Marketing - North America's top premier destinations single family homes includes median list price, sold price, inventory, new listings, numbers sold, days on market and the market status (Buyer market, Balanced market, Seller market). Official Market Type: Seller's with a 23.94% Sales Ratio.1
• Homes are selling for an average of 97.86% of list price.
• The median luxury threshold2 price is $925,000, and the median luxury home sales price is $1,270,000.
• Markets with the Highest Median Sales Price: Telluride ($6,550,000), Palm Beach Towns ($4,300,000), Park City ($5,150,000), and Los Angeles Beach Cities ($6,300,000).
• Markets with the Highest Sales Ratio: East Bay, CA (99%), Howard County (78%), San Francisco (76%), and Silicon Valley (72%).
1Sales Ratio defines market speed and market type: Buyer's < 15.5%; Balanced >= 15.5 to < 20.5%; Seller's >= 20.5% plus. If >100%, sales from previous month exceeds current inventory. 2 The luxury threshold price is set by The Institute for Luxury Home Marketing.
If interested in a local luxury market report contact us:
LYNNE MACFARLANE HOMES
Intero Los Altos & Carmel | a Berkshire Hathaway affiliate
DRE # 02066698
(408) 800-1141 Silicon Valley
(831) 346-2743 Santa Cruz/Monterey Bay
LMACFARLANE@INTERO.COM
'The best way to sum up the luxury real estate market during 2023 might be that it remained "unapologetically resilient", despite a slower year in the overall sales volume compared to 2022.
Purchasing a luxury home also retained its appeal with high demand from affluent buyers still looking to realize their desire to buy a new residence. Equally they recognized that the investment opportunity remained, albeit over the longer term.
Want to learn more, make sure you connect with MacFarlane Homes Facebook Page:
https://www.facebook.com/LynneMacFarlaneHomes
LYNNE MACFARLANE, MCDM, SRS, SRES | Realtor
Intero Los Altos & Carmel, Berkshire Hathaway
- Institute of Luxury Home Marketing - Member
(408) 800-1141
(831) 346-2743
WWW.LYNNEMACFARLANE.COM
LMACFARLANE@INTERO.COM
• Official Market Type: Seller's with a 23.94% Sales Ratio.1
• Homes are selling for an average of 97.86% of list price.
• The median luxury threshold2 price is $925,000, and the median luxury home sales price is $1,270,000.
• Markets with the Highest Median Sales Price: Telluride ($6,550,000), Palm Beach Towns ($4,300,000), Park City ($5,150,000), and Los Angeles Beach Cities ($6,300,000).
• Markets with the Highest Sales Ratio: East Bay, CA (99%), Howard County (78%), San Francisco (76%), and Silicon Valley (72%).
The Institute for Luxury Home Marketing has analyzed a number of metrics — including sales
prices, sales volumes, number of sales, sales-price-to-list-price ratios, days on market and price-per-square-foot – to provide you a comprehensive North American Luxury Market report.
Additionally, we have further examined all of the individual luxury markets to provide both an overview and an in-depth analysis - including, where data is sufficient, a breakdown by luxury single-family homes and luxury attached homes. The Glimmer of Change Grows Brighter
Last month, we reported a glimmer of hope as the luxury market, for the first time in 2023,
witnessed an increase in the number of sold properties and new inventory entering the market
compared to the same month in 2022. This encouraging trend continues this month.
The Numbers are Up
Compared to November 2022, the number of sales last month rose 5.1% for single-family homes
and 13.7% for attached homes. This is not the only growth statistic that could show the start, albeit
a slow one, of a market comeback.
The number of new listings entering the market last month also increased compared to November
2022, by 21.1% for single-family homes and 29.3% for attached properties. The rise in new inventory
entering the market is equally significant as it shows a growing confidence by sellers compared to
last year.
Lack of new inventory has been one of the most significant challenges to the growth of sales during
most of 2023, as it created a roadblock for opportunity. This was especially significant in a market
where buyers had become highly specific in their property specification preferences.
Get Ready for 2024 the Right Way
During this unconventional market, we highly recommend working with a luxury property specialist to gain insights into what is truly happening in your local marketplace. The art of selling and buying in this market needs a critical and analytical approach. Understanding the realities and setting realistic expectations accordingly will ensure that your goals are achieved.
If you're considering to buy, sell or invest in California reach out and let's connect
LYNNE MACFARLANE, Realtor
Intero Los Altos & Carmel | DRE 02066698
831-346-2743
408-800-1141
LYNNE@LYNNEMACFARLANE.COM
WWW.LYNNEMACFARLANE.COM
The Institute for Luxury Home Marketing report provides an in-depth look at the top residential markets across the United States and Canada. Within the individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and sold properties designed to showcase current market status and recent trends. The national report illustrates a compilation of the top North American markets to review overall standards and trends. Questions addressed are whether if prices will fall and where are the most likely opportunities for luxury buyers exist. The art of selling and buying in this market needs a critical and analytical approach. Understanding the realities of setting expectations accordingly will ensure that goals are achieved.
**Contact Lynne MacFarlane, a member of the Institute of Luxury Home Marketing today to discuss your market home strategy and analysis.
LYNNE MACFARLANE, MCDM, SRS, SRES | Realtor Intero Los Altos & Carmel, CA
Prof Fiduciary Assoc of CA Silicon Valley affiliate member.
Call
831-346-2743 for an appt.
LMACFARLANE@INTERO.COM
www.LynneMacFarlane.com
Opportunity Knocks
The biggest impacts are more likely to be felt at the local market level and will depend on the current
demand profile of their buyers against ongoing supply. So, expect to hear some conflicting analysis
because all markets are not equal and results from a North American perspective could look very
different at the grassroots level.
While there will be much debate about how things will play out over the next year, like all markets,
there is always an opportunity for those who are ready. There are niches in every market: whether
moving to a location that affords a better cost of living, recognizing luxury pockets or property types
that are next in the demand cycle, or simply biding one’s time in anticipation of finding a property
that is below market value.
Regardless of an affluent buyer’s financial profile, there is still significant confidence in the luxury
real estate market and a belief in the stability of owning property. Even if some buyers previously
dropped out of the real estate game due to fatigue, frustration, or even hesitation during 2023, in
2024 they may be primed to return as inventory levels improve.
We highly recommend working with a luxury property specialist during this unconventional market
to ascertain what is truly happening in your local marketplace. The art of selling and buying in this
market needs a critical and analytical approach; understanding the realities and setting expectations
accordingly will ensure that goals are achieved.
the Luxury Market Report, your guide to luxury real estate market data and trends
for North America. Produced monthly by The Institute for Luxury Home Marketing, this report
provides an in-depth look at the top residential markets across the United States and Canada. Within the
individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and
sold properties designed to showcase current market status and recent trends. The national report illustrates
a compilation of the top North American markets to review overall standards and trends.
guide to luxury real estate market data and trends
for North America. Produced monthly by The Institute for Luxury Home Marketing, this report
provides an in-depth look at the top residential markets across the United States and Canada. Within the
individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and
sold properties designed to showcase current market status and recent trends. The national report illustrates
a compilation of the top North American markets to review overall standards and trends.
Understanding the New Reality of 2023
In this month’s report, we take a step back in time to understand why the luxury real market has
truly changed, how this new reality for buyers and sellers was created, and why it needs to be
appreciated.
Using 2019 as our benchmark year, a year that saw a steady and more typical sales cycle but one
that also showed a growing confidence in the purchase of luxury homes as the year progressed.
Growth was driven by demand as buyers saw financial potential due to strong stability within the
luxury real estate market.
Inventory availability in 2019 was not considered to be a factor in preventing sales, as most markets
typically saw a significantly greater number of homes for sale than potential buyers. It’s interesting
to note that prior to the pandemic it was rare for the luxury real estate market not to be more
favorable to buyers, and equally, expectations were that homes would take much longer to sell than
those in the traditional market.
As we all know, and it has been well documented, this all changed with the onset of the Covid-19
pandemic and the surge in demand for luxury properties. Demand outstripped supply at a dramatic
and voracious level so that even the rapid change of the market in April 2022, which saw an influx
of new listings, proved to be too little, given the uptake in sales during May and June of the same
year.
Like 2019, in 2023 there has been a return of confidence in the purchase of homes, month over
month sales volumes have increased, after the market faltered in the last four months of 2022.
However, this is where the similarities end, as while demand is still important, the new reality is the
status of the luxury real estate market is now clearly correlated to the level of available inventory.
Comparing inventory data in 2023 shows the average level of total listings per month is still
approximately 40% below levels in 2019.
NORTH AMERICAN LUXURY REVIEW
The data also clearly shows that it is not just the depleted level of inventory that is holding back
sales, but as we can see from the charts below, it is the actual number of new listings entering
the market each month that must also be directly correlated to sales activity – if the level of new
inventory increases, so does the number of sold properties for the month, and vice versa.
This document is the July/August 2023 issue of the Real Estate Business Institute's publication "For Real Estate Professionals". It includes the following:
- Details on the publication such as executives, publisher, and contact information.
- A message from the CEO discussing developing good habits and overcoming bad habits.
- A list of individuals who have earned all four of REBI's real estate credentials.
- An article about properly pricing "oddball" properties that have unique features or uses atypical of standard residential homes. It provides tips for agents on analyzing these types of properties.
Luxury Trends for the Summer
As we head into summer, what trends are set to define this season’s must-haves, and are there
any surprises?
Smart technology and wellness amenities are certainly top favorites of the affluent homeowner,
but today’s buyer is also looking for the home that will fulfil their lifestyle decisions – this more
than just the style of the home and/or its location, it is the experience offered by the property that
will likely set it apart.
This experience tends to encompass not only unique and spectacular features within the home
and its grounds but also the property’s location and surrounding amenities. Affluent buyers’
expectations have shifted, becoming honed by the need to find a sense of purpose for their chosen
property and its location as well the opportunity to still add their personal identity and style.
Despite lingering uncertainty outside the luxury real estate market, the steadiness of prices, sales,
and inventory levels have resulted in a consistent increase in the demand for luxury properties
during the first five months of 2023.
The number of luxury properties sold has risen month over month since the start of 2023, aside
from January, which did see a downturn in sales. Despite the slight plateau in April, May’s figures
saw a 33% increase in sales for single-family homes compared to April and attached properties
sales were 26% higher.
This has been assisted by the increased level of new inventory entering the market, up 22%
compared to April 2022 for single-family homes and 14% for attached homes – putting inventory
levels back on par with levels seen in May 2022.
While an increase in new inventory has resulted in a greater number of sales, the significant
difference in percentage increase of sales versus new inventory proves that the demand for luxury
properties continues, enabling the market to remain strong.
- Strength and Comfort -
There is a focus on permanence in all aspects of the luxury real estate market with quick fads a
trend of the past; expect to see quality, endurability, and sustainability as the key determinants in
the building, design, and refurbishment of homes for the remainder of the year.
Nature is being embraced, creating a more natural feel through layering, texturing, sustainability processes. Color neutrality with warmer palettes, and Artisan and artistic features are being blended into old and new designs to create soothing, comfortable, yet unique environments.
These elements will be at the forefront of this season’s design palette, and technology will be implemented to provide efficiency but, more specifically, to create spaces and features that offer a sense of ambient wellness.
Color and Texture Return
The cool greys, sharp blacks, and clean or pure whites are taking a back seat as earthy greens, soft
yellows, deep reds, and gentle pinks, used for accents and contrast, are blended with more warm
neutral palettes creating richer dimensions to rooms. Warm greys, creams, and browns
Here's how to make your home fire-resistant inside and out. This is a nice guide to help homeowners become protected against fires in California. Many homeowners have experienced difficulty in securing affordable fire insurance or have faced policy non-renewals, leaving them vulnerable and financially exposed in the face of potential fire disasters.
The document contains summaries of real estate data for Santa Clara County from Aculist for single family residences and common interest developments between April 2022/2023 and May 2023. It includes statistics on median home prices, new property listings, and sale to list price ratios that have increased, decreased, or remained stable for the different property types over the past year. All data is current as of May 8, 2023.
This document contains multiple sections of real estate data from Aculist for San Benito County, California in 2023. It includes the median home price for March 2022 and 2023, the month-over-month change in median price from February to March 2023, new property listings for March 2022 and 2023, the month-over-month change in new listings from February to March 2023, and the sale to list price ratio for homes sold in March 2022 and 2023. All data is current as of April 5, 2023 and focuses on single family residences as well as common interest developments like condominiums.
The document contains multiple sections of real estate data and statistics for Santa Cruz County from Aculist dated April 2023, including median home prices for single family residences and common interest developments from 2020-2023, new property listings from March 2022-2023, new listings for the week ending April 1st 2023, and sale to list price ratios for single family homes and common interest developments from March 2022-2023. Each section notes that the data is current as of various dates in early April 2023 and is copyrighted by Aculist.
The document contains real estate data from Aculist for San Mateo County in April 2023. It includes statistics on median home prices, new property listings, and sale to list price ratios for both single family residences and common interest developments in March 2022 and 2023. The data provides comparisons of real estate market trends in San Mateo County over the past year.
The document contains monthly real estate data from Aculist for Monterey County from March 2022 to March 2023. It includes statistics for single family residences and common interest developments, such as median home prices, new property listings, and sale to list price ratios. The data shows some metrics increased and others decreased when comparing the same period year-over-year.
The document contains real estate data from Aculist for Santa Clara County in April 2023. It includes statistics on median home prices, new listings, and sale to list price ratios for both single family residences and common interest developments in March 2022 and 2023 with data current as of April 5, 2023. New listings decreased year-over-year in March for both single family and common interest properties while sale to list price ratios also decreased.
Luxury Markets in Demand
As demand returns, we review several markets in the U.S. and Canada that experienced significant growth in March. Much has been written recently about the popularity of lower priced luxury markets, especially in the Midwest, so we wondered, with the uptick in sales during March, if this trend was still holding true…or if another shift is occurring.
East Bay, California
Taking the number one spot is not a Midwest market, but East Bay in California, where the median luxury sold price averaged close to $1.5 million during the first quarter of 2023. Not only did this market see a huge increase in demand during the pandemic, but once again it is drawing buyers to
its highly diversified communities and seems set for a strong spring market.
Living in an UBER World - June '24 Sales MeetingTom Blefko
June 2024 Lancaster County Sales Meeting for Berkshire Hathaway HomeServices Homesale Realty covering the following topics: 1. VA Suspends Buyer Agent Payment Plan (article), 2. Frequently Used Terms in title, 3. Zillow Showcase Overview, 4. QuickBuy commission promotion, 5. Documenting Cooperative Compensation, 6. NAR's Code of Ethics - Mass Media Solicitations, 7. Is it really cheaper to rent? 8. Do's and Don't's when Terminating the Agreement of Sale, 9. Living in an UBER World
Kumar Codename Fireworks at Hadapsar Link Road, Pune - PDF.pdfmonikasharma630
Codename Fireworks developed by Kumar Properties is a new residential development that offers 2/3 BHK premium residences with easy access to proposed ring road, airport, metro station.
For More Details:
Visit Here: kumar.developerprojects.com
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
Stark Builders: Where Quality Meets Craftsmanship!shuilykhatunnil
At Stark Builders our vision is to redefine the renovation experience by combining both stunning design and high quality construction skills. We believe that by delivering both these key aspects together we are able to achieve incredible results for our clients and ensure every project reflects their vision and enhances their lifestyle.
Although we are not all related by blood we have created a team of highly professional and hardworking individuals who share the common goal of delivering beautiful and functional renovated spaces. Our tight nit team are able to work together in a way where we pour our passion into each and every project as we have a love for what we do. Building is our life.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Anilesh Ahuja Pioneering a Paradigm Shift in Real Estate Success.pptxneilahuja668
Anilesh Ahuja journey is a testament to the power of vision, resilience, and unwavering determination. As a visionary leader, he continues to inspire and empower others to dream big and challenge the status quo. His legacy extends far beyond the realm of real estate, leaving an indelible mark on the industry and the world at large.
2. Opinions, analyses, estimates, forecasts, and other views of Fannie Mae's Economic & Strategic Research (ESR) group or
survey respondents included in these materials should not be construed as indicating Fannie Mae's business prospects or
expected results, are based on a number of assumptions, and are subject to change without notice. How this information
affects Fannie Mae will depend on many factors. Although the ESR group bases its opinions, analyses, estimates, forecasts,
and other views on information it considers reliable, it does not guarantee that the information provided in these
materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information
underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, and other
views published by the ESR group represent the views of that group or survey respondents as of the date indicated and do
not necessarily represent the views of Fannie Mae or its management.
Disclaimer
2
3. Executive Summary
3
Green Home Improvements
• Younger homeowners (18-34) are most likely to be interested in mortgage-financed green home improvements (often known as
energy-efficient mortgages), as are those who have recently purchased their home; these groups are more likely to reap longer-
term benefits following the investment.
• Installing solar panels and improving energy efficiency are most appealing, while there’s less interest in paying for an overall
home energy assessment.
Home Repair Costs
• Most homeowners say small- and medium-sized repairs are needed to keep their home well-maintained, and that the costs
were similar to or less than expected. However, one-third of homeowners indicate the repair costs were higher than expected.
• Black and Hispanic homeowners, as well as residents living in lower-income areas, are more likely to express significant
concern over unexpected home repair costs.
• The costliest repairs cited by homeowners are to the exterior structure, HVAC, and appliances/major equipment.
5. 32%
48%C,D
41%C,D
31%D
19%
41%F,G
29% 28%
36%I
29%
48% 46%
All Owners 18-34(A) 35-44(B) 45-64(C) 65+(D) Owned
home <=5
years
(E)
Owned
home 6-10
years
(F)
Owned
home >10
years
(G)
First-time
homeowner
(H)
Repeat
homeowner
(I)
First-time
(owned <=3
years)
First-time
(owned <=5
years)
Q: How interested would you be in installing solar panels, if you could include the cost in your mortgageloan?
5
Interest in Installing Solar Panels with Mortgage Loan(Homeowners)
Q4 2021 National Housing Survey
A/B/C/D, E/F/G, H/I : Superscript denotes a % is significantly higher than the segment that the letter represents at the 95% confidence level within
the year
How interested would you be in installing solar panels, if you could include the cost in your mortgage loan?
Showing Total Interested (Somewhat + Very Interested)
Nearly half of younger (18-34) homeowners would be interested in installing solar panels if the
cost were included in their mortgage loan.
• Those who purchased their home within the past 5 years are also more likely to be interested; both groups are more likely to see benefits over the
length of homeownership than older homeowners and/or those who have owned their home for a longer period.
6. Q: How interested would you be in makingenergy efficiency improvements to your home(e.g., additional
insulation, HVAC replacement, energy efficient appliances) if you could include the costs in your mortgageloan?
6
Q4 2021 National Housing Survey
A/B/C/D, E/F/G, H/I : Superscript denotes a % is significantly higher than the segment that the letter represents at the 95% confidence level within the year
34%
51%B,C,D
40%D
34%D
22%
44%F,G
28%
31%
41%I
29%
52%
49%
All Owners 18-34(A) 35-44(B) 45-64(C) 65+(D) Owned
home <=5
years
(E)
Owned
home 6-10
years
(F)
Owned
home >10
years
(G)
First-time
homeowner
(H)
Repeat
homeowner
(I)
First-time
(owned <=3
years)
First-time
(owned <=5
years)
How interested would you be in making energy efficiency improvements to your home (e.g., additional insulation, HVAC replacement, energy efficient
appliances) if you could include the costs in your mortgage loan?
Showing Total Interested (Somewhat + Very Interested)
Similarly, more than half of younger owners would be interested in making energy efficiency
home improvements if the costs were included in their mortgage loan.
• Again, those who purchased their home within the past 5 years are also more likely to be interested, as are first-time homeowners in general.
Interest in Making Energy Efficiency Improvements to Home with Mortgage Loan (Homeowners)
7. 17%
26%C,D
22%C,D
16%D
11%
13%
23%W
28%W
44%W,B,H
23%F,G
15% 16%
All Owners 18-34
(A)
35-44
(B)
45-64
(C)
65+
(D)
White
(W)
Black
(B)
Hispanic
(H)
Asian*
(A)
<80% AMI
(E)
80-120%
AMI
(F)
120%+ AMI
(G)
Q: How interested would you be in an overall homeenergy assessment, with a one-time fee of a few hundred
dollars,that gives you recommendationson home energy improvementprojects and the estimated cost savings?
However, homeowners are less interested in paying for an overall home energy assessment that
would provide recommendations and estimated savings.
7
Interest in an Overall Home Energy Assessment (Homeowners)
Q4 2021 National Housing Survey
A/B/C/D, W/B/H/A, E/F/G: Superscript denotes a % is significantly higher than the segment that the letter represents at the 95% confidence level within the year
How interested would you be in an overall home energy assessment, with a one-time fee of a few hundred dollars, that gives you recommendations on
home energy improvement projects and the estimated cost savings?
Showing Total Interested (Somewhat + Very Interested)
* Smallsample size: Asian Owners (N=69)
• Young homeowners, minorities, and those with lower incomes are most likely to be interested in investing in a home energy assessment.
9. 7% 4% 7% 8%A
6% 6%
13%
W,A 8%
1%
10%G
9%G
5%
21% 26%D
20% 21%
19% 21%B
14%
28%
W,B
21%
30%G
27%G
16%
28%
33%C,D
34%C,D
27%D
22%
29%H
27%
22% 45%
W,B,H
24%
25%
30%E
43%
36%
37% 44%
A,B
51%
A,B,C
43% 45%
43%
32%
34% 39%
48%
E,F
1% 2%A,C 1%C 1% 1% 2%F,G
All
Owners
18-34
(A)
35-44
(B)
45-64
(C)
65+
(D)
White
(W)
Black
(B)
Hispanic
(H)
Asian*
(A)
<80% AMI
(E)
80-120%
AMI
(F)
120%+
AMI
(G)
Black and Hispanic homeowners and those from lower income groups are more likely to express
significant concern over unexpected home repair costs.
9
Concern over the Impact of Unexpected Home Repair Costs (Homeowners)
Q4 2021 National Housing Survey
How concerned are you, if at all, over unexpected home repair costs that could make it difficult to pay your mortgage or other regular monthly bills?
Q: How concerned are you, if at all, over unexpected home repair costs that could makeit difficult to pay your mortgageor other regular monthly bills?
Very
concerned
Somewhat
concerned
Don’t know
Not very
concerned
Not at all
concerned
A/B/C/D, W/B/H/A, E/F/G: Superscript denotes a % is significantly higher than the segment that the letter represents at
the 95% confidence level
* Smallsample size: Asian Owners (N=69)
Among those who are
concerned about unexpected
home repair costs:
• 60% say home repairs
are due to their house
being older and 20% say
remodeling, compared
to 45% and 32% respectively
among those who are
not concerned
• 25% expect to do large or
very large repairs,
compared to 13% of those
who are not concerned
• They are significantly more
likely to say repairs on
interior room additions,
exterior structure, interior
structure,
plumbing/electrical, HVAC,
and appliances/major
equipment have been cost
burdensome, compared to
those who are not concerned
• Black homeowners are more than twice as likely as White homeowners to say they are "very concerned" about unexpected repair costs.
• Older homes are a top driver of unexpected home repair costs, often requiring major investment.
10. 10
Costs Required vs. Expected to Make Repairs (Homeowners)
Q4 2021 National Housing Survey
• Those with an AMI lower than 120% and those who expect to move within 1-3 years are more likely to say the costs required were higher than expected.
Were the costs required to make these repairs to your home…
Q: Were the costs required to makethese repairs to your home…
Significantly higher
than expected
Somewhat higher
than expected
Don’t know
About the same as
expected
Less than expected
A/B/C, D/E, F/G/H/I : Superscript denotes a % is significantly higher than the segment that the letter represents at the
95% confidence level
13% 14% 17%C
12% 12% 8%
34%H,I
26%H,I
11% 9%
20%
24%C 20%
18%
13%
35%D
19%
36%
F,H,I
25%I
13%
55% 49% 49% 61%A,B
55%
46%
37%
32%
58%F,G
61%F,G
10% 9% 13%C
8%
18%
10% 5%
6% 5%
15%F,G,H
2% 4%C 2% 3% 2% 4%H 2%
All Owners <80% AMI
(A)
80-120%
AMI
(B)
120%+ AMI
(C)
Expect to
move in
<1 year
Expect to
move in
1-3 years
Very Large
(F)
Large
(G)
Medium
(H)
Small
(I)
Expect to
move in
< 1 year
(D)
Expect to
move in
1-3 year
(E) Size of Home Repairs Needed
While most homeowners say the repair costs were similar to or less than expected, one-third say they
were higher than expected.
11. 6% 7% 6% 5% 7% 4% 5% 8%H
4% 6% 4%
11% 12% 10% 10% 8% 12% 13%D 10%
11% 9% 10%
36%
37% 39%
35%
28%
40%D 40%D
39%H
33%
15%
46%I
46% 41% 45%
49%A
55%E,F
43% 40% 41%
49%G
65%J
39%
2% 3%B,C 1% 3% 1% 2% 2% 2% 4% 1%
All Owners <80% AMI
(A)
80-120% AMI
(B)
120%+ AMI
(C)
Owned
home
<=5 years
(D)
Owned
home
6-10 years
(E)
Owned
home
>10 years
(F)
First-time
homeowner
(G)
Repeat
homeowner
(H)
Expect to
move <1
year
(I)
Expect to
move 1-3
years
(J)
Most homeowners say small and medium size repairs are needed to keep their home well-maintained.
11
Size of Home Repairs Needed to Maintain Home (Homeowners)
Q4 2021 National Housing Survey
• Homeowners who have owned their home for more than 5 years and first-time homeowners are more likely to say they require medium repairs.
• Those who expect to move within 1 year are more likely to say that a small amount of repairs are needed, whereas those who plan to move in the next
1-3 years are investing more time and money into repairs.
Since you have owned your home, how would you describe the amount of repairs needed to keep your home well-maintained? (Homeowners)
Q: Since you have owned your home,how would you describe the amount of repairs needed to keep your home well-maintained?
Very Large
Large
Don’t know
Medium
Small
A/B/C, D/E/F, G/H, I/J : Superscript denotes a % is significantly higher than the segment that the letter represents at the
95% confidence level
Size of repairs, in
addition to typical
maintenance costs:
12. 12
Most Cost Burdensome Home Repairs
Q: What homemaintenance or repair items have been most cost-burdensome, if any?
F/R: Superscript denotes a % is significantly higher than the segment that the letter represents at the 95% confidence level within the year
26%
22%
19%
15%
14%
14%
9%
9%
8%
6%
13%
2%
1%
All Owners
All Owners
Exterior structure, HVAC, and appliances/major equipment are identified as the most cost
burdensome repairs.
• First-time homeowners are more likely than repeat homeowners to do repairs due to the house being older, while repeat homeowners are more
likely than first-time homeowners to do repairs for remodeling.
49%
28%
6%
3%
6%
9%
2%
6%
1%
45%
31%F
5%
3%
7%
8%
2%
8%F
1%
54%R
25%
6%
3%
5%
10%
2%
4%
1%
First-time
Homeowner(F)
Repeat
Homeowner(R)
Main Reasons for Needing Home Repairs
Homeowners, Showing %, Ranked by Owners
Q: What are your main reasons for needing these home repairs? Q4 2021 National Housing Survey
Exterior Structure (Roof, siding, windows, other)
HVAC (Heating, ventilation, and air conditioning)
Appliances/Major Equipment (Refrigerator,
water heater, other)
Kitchen or Bath Remodel
Plumbing/Electrical
Outside Property Improvements (Yard, fencing,
other)
Outside Additions (Porch, deck, garage, other)
Interior Structure (Insulation, flooring, walls,
other)
Interior Room Additions (Kitchen, bedroom,
other)
Disaster Repairs
None of the above
Other
Don't know
House is older, so items have broken or worn down and
need to be repaired/replaced
Remodeling - would like a more updated home to
maintain or improve the value of the home
Safety concerns
Accessibility concerns – areas need to be accessible due to
limited mobility
House is newer, but poorly constructed so need to make
repairs or replace items
Natural disaster repairs (e.g., hurricane, flooding)
Other
None of the above
Don't know
13. 13
13
A Note on October-December 2021 Survey Collection
PSB has partnered with ReconMR (our previous vendor partner Opinion Access has merged with ReconMR) to conduct some NHS interviews on our
behalf. PSB continues to process and analyze the data and complete all regular deliverables.
While ReconMR has call centers based in Florida and Texas, they also have a very extensive remote workforce that can conduct interviews from
their homes. This ensures our continued work on the NHS even if their call centers are forced to close or if a portion of the work force gets sick.
PSB trained interviewers to ensure interviewing is consistent with PSB’s procedures. We also monitor interviews for quality control. This
minimized any noise in the data from using different interviewers. PSB also regularly reviews the results of the interviews as they are completed.
There were no changes in the sample composition, as PSB provided our vendor partners with the survey sample and dialing procedures. The
sample quotas and targets remained unchanged from previous months and the data was weighted by PSB in the same way as past months to be
representative of the US population.
14. 14
• Since June 2010, approximately 1,000 live (not automated) telephone interviews with Americans age 18 and older via landline and cell phone are
conducted primarily by PSB (with supplemental support from ReconMR) each month, in coordination with Fannie Mae. For the sample to
accurately represent the U.S. population, 70% of calls are made to cell phones. The margin of error for the total sample is ±3.1% at the 95%
confidence level and larger for sub-groups. Most of the data collection occurs during the first two weeks of each month.
• The General Population data presented in this study has been weighted to make it reflective of the U.S. Census American Community Survey
demographic statistics in terms of gender, age, race/ethnicity, income, education, housing tenure, and the Centers for Disease Control (CDC)
National Health Interview Survey (NHIS) phone type statistics.
• Respondents can volunteer a “don’t know” response on each question, which is why, in some cases, the total responses may not add up to 100%.
Research Methodology: Q4 2021 GP Sample
Sample Size Margin of Error
General Population (GP), including: 3,010 ±1.79%
Mortgage Holders 1,204 ±2.82%
Owners 1,926 ±2.23%
Renters 1,023 ±3.06%
15. 15
Q4 2021 Sample Sample Size Margin of Error
By Income
<80% AMI 932 ±3.21%
80%-120% AMI 448 ±4.63%
120%+ AMI 1125 ±2.92%
By Race
White, non-Hispanic 1,790 ±2.32%
Hispanic 569 ±4.11%
Black, non-Hispanic 358 ±5.18%
Asian, non-Hispanic 179 ±7.32%
By Age
18-34 903 ±3.26%
35-44 512 ±4.33%
45-64 963 ±3.16%
65+ 623 ±3.93%
Research Methodology – Sample Sizes by Demographic Groups (GP Sample)
*AMI ratio status for NHS respondents was determined by matching zip code to AMI, and using the mid point of a respondent’s income category in Q142 as a
proxy for income. Those who answered with “don’t know” for income or zip code, or where AMI data was not available for a zip code were not able to be coded.
16. 16
GP Sample GP
RACE AMI STATUS AGE
WHITE HISPANIC BLACK ASIAN <80% AMI
80%-120%
AMI
120%+ AMI 18-34 35-44 45-64 65+
N= 1926 1342 293 161 69 431 298 880 337 302 770 512
Very interested 13% 13% 12% 8% 27% 13% 15% 12% 19% 14% 13% 8%
Somewhat interested 19% 19% 25% 16% 13% 22% 23% 18% 29% 27% 18% 11%
Not very interested 12% 13% 12% 11% 2% 18% 9% 11% 16% 10% 12% 12%
Not at all interested 53% 54% 46% 62% 43% 45% 52% 56% 34% 48% 54% 66%
Don't know 3% 2% 4% 2% 15% 2% 1% 3% 2% .% 3% 4%
How interested would you be in installing solar panels, if you could include the cost in your mortgage loan?
Among all owners
Interest in Installing Solar Panels if Costs are included in Mortgage Loan
Note: A cell value of “.%” in a table means that the value is a non-zero number that was rounded to 0% (example: 0.3%).
17. 17
How interested would you be in making energy efficiency improvements to your home (e.g., additional insulation, HVAC replacement, energy efficient appliances) if you could include the costs in your mortgage
loan? Among All Owners
GP Sample GP
RACE AMI STATUS AGE
WHITE HISPANIC BLACK ASIAN <80% AMI
80%-120%
AMI
120%+ AMI 18-34 35-44 45-64 65+
N= 1926 1342 293 161 69 431 298 880 337 302 770 512
Very interested 14% 14% 14% 16% 22% 14% 14% 16% 20% 15% 15% 8%
Somewhat interested 20% 20% 24% 19% 23% 28% 23% 18% 31% 25% 19% 14%
Not very interested 13% 14% 13% 8% 7% 14% 12% 14% 13% 18% 11% 14%
Not at all interested 49% 50% 46% 56% 30% 42% 50% 49% 33% 40% 53% 59%
Don't know 3% 2% 3% 2% 18% 2% 2% 4% 3% 1% 3% 4%
Interest in Making Home Energy Efficiency Improvements if Costs are included in Mortgage Loan
Note: A cell value of “.%” in a table means that the value is a non-zero number that was rounded to 0% (example: 0.3%).
18. 18
GP Sample GP
RACE AMI STATUS AGE
WHITE HISPANIC BLACK ASIAN <80% AMI
80%-120%
AMI
120%+ AMI 18-34 35-44 45-64 65+
N= 1926 1342 293 161 69 431 298 880 337 302 770 512
Very interested 5% 4% 7% 10% 13% 7% 6% 4% 7% 8% 5% 3%
Somewhat interested 12% 9% 21% 13% 31% 16% 9% 12% 19% 14% 11% 8%
Not very interested 15% 16% 15% 12% 7% 17% 17% 14% 24% 16% 13% 11%
Not at all interested 65% 69% 54% 62% 47% 58% 66% 67% 48% 61% 70% 73%
Don't know 2% 2% 4% 3% 3% 2% 1% 2% 1% 1% 1% 5%
How interested would you be in an overall home energy assessment, with a one-time fee of a few hundred dollars, that gives you recommendations on home energy improvement projects and the estimated cost
savings? Among All Owners
Interest in Home Energy Assessment that Gives Recommendations and Estimated Cost Savings
Note: A cell value of “.%” in a table means that the value is a non-zero number that was rounded to 0% (example: 0.3%).
19. 6% 9%B,C
4% 5% 7% 6% 7% 7%A 7% 6% 5%
11% 8%
10%
13%A,D 9% 10%
16%W
13%
6%
12% 10% 10%
36% 35%
34%
37% 36% 37%
30% 35%
32%
37% 39%
35%
46% 46%
49%
44% 45% 46% 45% 40%
62%
W,B,H
41% 45%
49%E
2% 2% 3% 2% 3%
2% 1% 4% 0% 3%F,G 0% 1%
All Owners 18-34
(A)
35-44
(B)
45-64
(C)
65+
(D)
White
(W)
Black
(B)
Hispanic
(H)
Asian*
(A)
<80% AMI
(E)
80-120%
AMI
(F)
120%+ AMI
(G)
19
Q4 2021 National Housing Survey
Since you have owned your home, how would you describe the amount of repairs needed to keep your home well-maintained?
Q: Since you have owned your home,how would you describe the amount of repairs needed to keep your home well-maintained?
A/B/C/D, W/B/H/A, E/F/G : Superscript denotes a % is significantly higher than the segment that the letter represents at
the 95% confidence level
* Smallsample size: Asian Owners (N=69)
Very Large
Large
Don’t know
Medium
Small
Size of repairs, in
addition to typical
maintenance costs:
Size of Home Repairs Needed to Maintain Home (Homeowners)
Size of Home Repair Costs Needed to Maintain Home – By All Owners, Age, Race, and AMI
20. GP Sample GP
WHITE HISPANIC BLACK ASIAN <80% AMI
80%-120%
AMI
120%+ AMI 18-34 35-44 45-64 65+
N= 1926 1342 293 161 69 431 298 880 337 302 770 512
Very large – major repairs required
every year, plus typical
maintenance costs
6% 6% 7% 7% 0% 7% 6% 5% 9% 4% 5% 7%
Large – a few major repairs
required, plus typical maintenance
costs
11% 10% 13% 16% 6% 12% 10% 10% 8% 10% 13% 9%
Medium – a few moderate repairs
required, plus typical maintenance
costs
36% 37% 35% 30% 32% 37% 39% 35% 35% 34% 37% 36%
Small – just small repairs, plus
typical maintenance costs
46% 46% 40% 45% 62% 41% 45% 49% 46% 49% 44% 45%
Don't know 2% 2% 4% 1% 0% 3% 0% 1% 2% 3% 2% 3%
Since you have owned your home, how would you describe the amount of repairs needed to keep your home well-maintained?
Among All Owners
Amount of Home Repairs Needed to Keep Home Well-Maintained
Note: A cell value of “.%” in a table means that the value is a non-zero number that was rounded to 0% (example: 0.3%).
21. 13% 12% 13% 14% 11% 14%
9% 11%
10% 14% 17%G
12%
20% 21% 18%
22%
19%
19%
22% 19%
44%
W,B,H
24%G 20%
18%
55% 55% 54%
53%
57%
57%H
55%
49%
46%
49% 49% 61%E,F
10% 11% 12% 8% 10% 8%A
12%A
17%W,A
9% 13%G
8%
2% 1% 2% 3% 3%
2%
2% 4% 0% 4%G 2% 1%
All Owners 18-34
(A)
35-44
(B)
45-64
(C)
65+
(D)
White
(W)
Black
(B)
Hispanic
(H)
Asian*
(A)
<80% AMI
(E)
80-120%
AMI
(F)
120%+ AMI
(G)
21
Costs Required vs. Expected to Make Repairs (Homeowners)
Q4 2021 National Housing Survey
Were the costs required to make these repairs to your home…
Q: Were the costs required to makethese repairs to your home…
A/B/C/D, W/B/H/A, E/F/G : Superscript denotes a % is significantly higher than the segment that the letter represents at
the 95% confidence level
* Smallsample size: Asian Owners (N=69)
Home Repair Costs Required vs. Expected – By All Owners, Age, Race, and AMI
Significantly higher
than expected
Somewhat higher
than expected
Don’t know
About the same as
expected
Less than expected
22. 22
GP Sample GP
RACE AMI STATUS AGE
WHITE HISPANIC BLACK ASIAN <80% AMI
80%-120%
AMI
120%+ AMI 18-34 35-44 45-64 65+
N= 1926 1342 293 161 69 431 298 880 337 302 770 512
Significantly higher than expected 13% 14% 11% 9% 10% 14% 17% 12% 12% 13% 14% 11%
Somewhat higher than expected 20% 19% 19% 22% 44% 24% 20% 18% 21% 18% 22% 19%
About the same as expected 55% 57% 49% 55% 46% 49% 49% 61% 55% 54% 53% 57%
Less than expected 10% 8% 17% 12% 0% 9% 13% 8% 11% 12% 8% 10%
Don't know 2% 2% 4% 2% 0% 4% 2% 1% 1% 2% 3% 3%
Were the costs required to make these repairs to your home…
Among All Owners
Costs Required vs. Expected for Home Repairs
Note: A cell value of “.%” in a table means that the value is a non-zero number that was rounded to 0% (example: 0.3%).
23. 23
Concern Over Unexpected Home Repair Costs
GP Sample GP
RACE AMI STATUS AGE
WHITE HISPANIC BLACK ASIAN <80% AMI
80%-120%
AMI
120%+ AMI 18-34 35-44 45-64 65+
N= 1926 1342 293 161 69 431 298 880 337 302 770 512
Very concerned 7% 6% 8% 13% 1% 10% 9% 5% 4% 7% 8% 6%
Somewhat concerned 21% 21% 28% 14% 21% 30% 27% 16% 26% 20% 21% 19%
Not very concerned 28% 29% 22% 27% 45% 24% 25% 30% 33% 34% 27% 22%
Not at all concerned 43% 43% 43% 45% 32% 34% 39% 48% 36% 37% 44% 51%
Don't know 1% 1% .% 1% 0% 2% 0% .% .% 2% .% 1%
How concerned are you, if at all, over unexpected home repair costs that could make it difficult to pay your mortgage or other regular monthly bills?
Among All Owners
Note: A cell value of “.%” in a table means that the value is a non-zero number that was rounded to 0% (example: 0.3%).
24. 24
Most Cost Burdensome Home Repair Items (Homeowners)
Homeowners
Q: What homemaintenance or repair items have been most cost-burdensome, if any?
W/B/H/A, A/B/C: Superscript denotes a % is significantly higher than the segment that the letter represents at the 95% confidence level within the year
27%A
23%H
19%
15%
15%H,A
14%
10%H
9%
7%
6%
12%
2%H
1%
By Race
Showing %, Ranked by Owners
26%
22%
19%
15%
14%
14%
9%
9%
8%
6%
13%
2%
1%
All Owners
Showing %, Ranked by Owners
80% - 120% AMI (B)
By AMI
Showing %, Ranked by Owners
<80% AMI (A) 120% + AMI (C)
White (W) Black (B) Hispanic (H) Asian (A)*
31%A
27%H
17%
11%
14%A
15%A
9%H
15%W,H,A
8%
10%C
11%
3%H
0%
31%C
23%
24%C
14%
13%
13%
8%
10%
11%C
6%
10%
1%
2%B
27%
23%
21%C
18%
13%
14%
7%
13%C
9%
8%
10%
2%
0%
24%
23%
15%
14%
14%
15%
9%
7%
6%
6%
13%
2%
1%
13%
19%
19%
15%
4%
0%
7%
4%
19%W,B
2%
10%
3%H
0%
24%A
17%
15%
13%
10%
17%A
3%
7%
10%
4%
14%
0
3%W
Exterior Structure (Roof, siding, windows, other)
HVAC (Heating, ventilation, and air conditioning)
Appliances/Major Equipment (Refrigerator, Water
Heater, other)
Kitchen or Bath Remodel
Plumbing/Electrical
Outside Property Improvements (Yard, fencing,
other)
Outside Additions (Porch, deck, garage, other)
Interior Structure (Insulation, flooring, walls, other)
Interior Room Additions (Kitchen, bedroom, other)
Disaster Repairs
None of the above
Other
Don't know
* Smallsample size: Asian Owners (N=69) Q4 2021 National Housing Survey
Most Cost Burdensome Home Repairs – By All Owners, Race, and AMI
25. 25
Most Cost-Burdensome Home Maintenance or Repair Items
GP Sample GP
RACE AMI STATUS AGE
WHITE HISPANIC BLACK ASIAN <80% AMI
80%-120%
AMI
120%+ AMI 18-34 35-44 45-64 65+
N= 1926 1342 293 161 69 431 298 880 337 302 770 512
Kitchen or Bath Remodel 15% 15% 13% 11% 15% 14% 18% 14% 11% 13% 15% 18%
Interior Room Additions
(Kitchen, bedroom, other)
8% 7% 10% 8% 19% 11% 9% 6% 6% 10% 7% 10%
Outside Additions (Porch, deck,
garage, other)
9% 10% 3% 9% 7% 8% 7% 9% 4% 7% 11% 9%
Exterior Structure (Roof, siding,
windows, other)
26% 27% 24% 31% 13% 31% 27% 24% 17% 17% 30% 32%
Interior Structure (Insulation,
flooring, walls, other)
9% 9% 7% 15% 4% 10% 13% 7% 8% 5% 11% 8%
Plumbing/Electrical 14% 15% 10% 14% 4% 13% 13% 14% 20% 10% 14% 11%
HVAC (Heating, ventilation, and
air conditioning)
22% 23% 17% 27% 19% 23% 23% 23% 20% 21% 24% 21%
Appliances/Major Equipment
(Refrigerator, Water Heater,
other)
19% 19% 15% 17% 19% 24% 21% 15% 23% 14% 18% 20%
Disaster Repairs 6% 6% 4% 10% 2% 6% 8% 6% 4% 9% 6% 6%
Outside Property Improvements
(Yard, fencing, other)
14% 14% 17% 15% 0% 13% 14% 15% 22% 21% 10% 12%
Other 2% 2% .% 3% 3% 1% 2% 2% 1% 1% 1% 2%
None of the above 13% 12% 14% 11% 10% 10% 10% 13% 10% 12% 12% 16%
Don't know 1% 1% 3% 0% .% 2% .% 1% 2% 1% .% 2%
What home maintenance or repair items have been most cost-burdensome, if any?
Among All Owners
Note: A cell value of “.%” in a table means that the value is a non-zero number that was rounded to 0% (example: 0.3%).
26. 26
Main Reasons for Needing Home Repairs
Homeowners
Q: What are your main reasons for needing these home repairs?
W/B/H/A, A/B/C: Superscript denotes a % is significantly higher than the segment that the letter represents at the 95% confidence level within the year
50%
29%B
5%
3%
6%
8%
3%H
6%
1%
By Race
Showing %, Ranked by Owners
49%
28%
6%
3%
6%
9%
2%
6%
1%
All Owners
Showing %, Ranked by Owners
Main Reasons for Needing Home Repairs – By All Owners, Race, and AMI
By AMI
Showing %, Ranked by Owners
80% - 120% AMI (B)
<80% AMI (A) 120% + AMI (C)
White (W) Black (B) Hispanic (H) Asian (A)*
47%
20%
9%H
2%
6%
11%
2%
9%H
3%H
47%
32%B
3%
3%
9%A
10%
0%
3%
0%
56%
32%
16%W,H
0%
0%
6%
0%
6%
0%
50%
27%
7%C
4%
5%
10%
4%B
5%
1%
54%
29%
9%C
5%C
4%
7%
1%
5%
0%
48%
30%
4%
2%
7%
8%
3%
6%
1%
House is older, so items have broken or worn
down and need to be repaired/replaced
Remodeling - would like a more updated home
to maintain or improve the value of the home
Safety concerns
Accessibility concerns – areas need to be
accessible due to limited mobility
House is newer, but poorly constructed so
need to make repairs or replace items
Natural disaster repairs (e.g., hurricane,
flooding)
Other
None of the above
Don't know
* Smallsample size: Asian Owners (N=62) Q4 2021 National Housing Survey
27. 27
GP Sample GP
RACE AMI STATUS AGE
WHITE HISPANIC BLACK ASIAN <80% AMI
80%-120%
AMI
120%+ AMI 18-34 35-44 45-64 65+
N= 1661 1165 242 143 62 382 266 757 297 264 674 422
House is older, so items have
broken or worn down and need
to be repaired/replaced
49% 50% 47% 47% 56% 50% 54% 48% 48% 40% 52% 53%
Remodeling - would like a more
updated home to maintain or
improve the value of the home
28% 29% 32% 20% 32% 27% 29% 30% 25% 32% 31% 24%
Safety concerns 6% 5% 3% 9% 16% 7% 9% 4% 8% 5% 5% 6%
Accessibility concerns – areas
need to be accessible due to
limited mobility
3% 3% 3% 2% 0% 4% 5% 2% 2% 5% 2% 4%
House is newer, but poorly
constructed so need to make
repairs or replace items
6% 6% 9% 6% 0% 5% 4% 7% 7% 9% 5% 6%
Natural disaster repairs (e.g.,
hurricane, flooding)
9% 8% 10% 11% 6% 10% 7% 8% 10% 12% 8% 6%
Other 2% 3% .% 2% 0% 4% 1% 3% 4% 1% 2% 3%
None of the above 6% 6% 3% 9% 6% 5% 5% 6% 4% 4% 7% 9%
Don't know 1% 1% .% 3% 0% 1% .% 1% .% 1% 1% 2%
What are your main reasons for needing these home repairs?
Among All Owners
Main Reasons for Home Repairs
Note: A cell value of “.%” in a table means that the value is a non-zero number that was rounded to 0% (example: 0.3%).