97 percent of first-time home buyers would never go back to renting

In the first year after buying a newly built home, the owners will spend an average of $8,900 to furnish, decorate, and improve it all.

75 percent of first-time home buyers reported they put less than 15 percent down

The construction of 1,000 single family homes generates 2,448 jobs and $79.4 million in wages

The construction of 1,000 multifamily homes—condominiums, apartments and town homes—generates 1,030 jobs and $33.5 million in wages

New American homes are larger than ever, at an average of 2,434 square feet
 
Average lot size has shrunk 2,500 feet since 1990 to 8,500 feet

The most searched real estate market online is Las Vegas

39 percent of new homes were built with four or more bedrooms   
 
12 million homes in the United States have a dedicated home office

20 percent of new American homes have three-car garages or larger

Nearly 40 percent of all home sales in 2005 were for second homes

Source: National Association of Home Builders, National Association of Realtors, United States Census Bureau, Yahoo! Pulse, and Wells Fargo Home Mortgage. [ return to top ]