Each month, Bespoke runs a survey of 1,500 US consumers balanced to census. In the survey, we cover everything you can think of regarding the economy, personal finances, and consumer spending habits. We’ve now been running the monthly survey for more than two years now, so we have historical trend data that is extremely valuable, and it only gets more valuable as time passes. All of this data gets packaged into our monthly Bespoke Consumer Pulse Report, which is included as part of our Pulse subscription package that is available for either $39/month or $365/year. We highly recommend trying out the service, as it includes access to model portfolios and additional consumer reports as well. If you’re not yet a Pulse member, click here to start a 30-day free trial now! Below we highlight the results of a question we ask regarding the likelihood of purchasing a home in the next year. This is one of essentially hundreds of data points included in each monthly report.
Our home purchase tracker in our monthly Consumer Pulse Report has been slowly trending higher over the last two years, which is inline with most of the housing related indicators we follow. As shown below, the share of consumers likely or very likely to purchase a home in the next year continues to grind higher. This is one reason to be optimistic about the path of both existing and new home sales despite the surge in mortgage rates following the election a few weeks ago. In our full Pulse report, which you can access with a 30-day free trial, we have additional proprietary housing data that covers sales, new constructions, mortgages, permits, and home improvement projects.