“For 2021, NAHB expects ongoing growth for single-family construction. Last year was a strong year for home builders, and according to the National Association of Home Builders ( NAHB), 2021 is expected to be even better: Many of the homeowners who decided not to sell in 2020 will enter the market later this year as they begin to feel more comfortable showing their house in person, understanding their financial situation, and simply having more security in life. “Fortunately for would-be homebuyers, we expect sellers to return to the market as we see improvement in the economy and progress against the coronavirus.” As Danielle Hale, Chief Economist at, notes: Now that vaccines are being distributed and there’s a light at the end of the COVID-19 tunnel, it should bring some peace of mind to many potential sellers. From health concerns about the pandemic to financial uncertainty, plenty of homeowners decided not to move last year. In 2020, many sellers decided to pause their moving plans for a number of different reasons. Let’s break down the three key places they’ll likely come from as 2021 continues on. There are, however, more homes expected to hit the market later this year. According to the National Association of Realtors ( NAR), across the country, inventory of available homes for sale is at an all-time low – the lowest point recorded since NAR began tracking this metric in 1982.
At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy.
If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone.
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