SURVEY RESEARCH

U.S. Housing Confidence Survey™

The U.S. Housing Confidence Survey™ (HCS) was developed by Pulsenomics to facilitate the systematic measurement and reporting of consumer confidence in the U.S. housing market. HCS is unique among all consumer housing and economic confidence surveys because it is the only one that:

  • Gauges household attitudes concerning homeownership and prevailing market conditions at national, regional, and metropolitan area levels
  • Quantifies homeownership aspirations, affordability, near- and long-term home value expectations
  • Provides attitudinal data concerning the local real estate market where respondents reside
  • Via The U.S. Housing Confidence IndexTM (HCI), enables consistent and concise reporting of survey results for easy public consumption and comprehension
  • Enables production of reliable indexes and custom analyses for key household subgroups--e.g., homeowners, renters, millennials
Robert Shiller

Robert Shiller

Yale Professor, Nobel Laureate and Pulsenomics Honorary Adviser

"This survey... will add immeasurably to our understanding of housing markets, with unprecedented detailed information through time and across geographical areas. We have always been mostly in the dark about fundamental drivers of home prices–now that will change.”

Chip Case

Karl "Chip" Case

Wellesley College Professor Emeritus and Pulsenomics Honorary Adviser (deceased)

"Over the last three decades, we have learned a great deal about the dynamics of home prices. Our research shows that real estate values have enormous wealth effects, but the markets are inefficient, and are propelled by expectations of market participants. These housing confidence data are critical inputs to our understanding of consumer behavior, and where real estate markets and the economy may be heading."

US Map HCI Metro Coverage

National, Regional, and MSA-specific Coverage

HCS is administered to more than 15,000 U.S. households across the United States. Pulsenomics compiles and analyzes survey responses in completed questionnaires collected from representative samples of 3,000 households nationwide, plus 500 households from each of 25 of the largest metropolitan areas.  

Documentation

Data

People Analysis Icon2

Housing Attitudes Explorer

Attitude Explorer

Analyze response data from the U.S. Housing Confidence Survey


Discover and compare prevailing sentiments and multi-year attitudinal trends by:

  • Metro market
  • Tenure (e.g., renters, owners)
  • Generation (e.g., millennials)
HVE Dashboard Icon

Home Value Expectations

Home Value Expectations

For corporations, government institutions, researchers, and the media


Request a customized home value expectations data set for any combination of markets and population cohorts. 

  • Short-term and long-term expectations
  • Data tables and time series
Demo Icon2

Cross-Tab Reports

Cross-Tab Reports

For corporations, government institutions, researchers, and the media


Request HCS microdata time series and/or cross-tab analysis reports to take a deeper dive into housing sentiment trends and demographic data for any combination of:

  • Metro markets
  • Population cohorts
  • Survey questions
zillow

Home Price Expectations Survey™

Every quarter, Pulsenomics surveys a distinguished panel of over 100 economists, investment strategists, and housing market analysts regarding their 5-year expectations for future home prices in the United States. 

Zillow® is a registered trademark of Zillow, Inc. Pulsenomics®, Housing Confidence Index™, Housing Confidence Survey™, and Home Price Expectations Survey™ are trademarks of Pulsenomics LLC.

As recent years’ events have illustrated, changes in single-family home values can have profound impacts on consumer balance sheets, spending patterns, investor psychology, and global financial markets. Despite this, concrete information and authoritative opinion regarding expected future home prices tends to be sporadic and diffuse.

Brian_Moynihan

Brian Moynihan

CEO, Bank of America

"Bank of America uses the average forecasts of economists surveyed [by Pulsenomics] to help create its internal housing projection."

These survey data and our panelists stimulate constructive debate among consumers, institutions and policy makers regarding expected future changes in home prices - and their behavioral, policy, and risk management implications.

In the most recent edition of the Home Price Expectations Survey, Pulsenomics also invited members of the expert panel to share their views re:

  • The scope and appropriateness of government-mandated property loss insurance
  • Recommended solutions and policies to address rapidly-increasing insurance premiums in high-risk areas
  • The wealth effects of initial public offerings (IPOs) on housing markets
Esmael Adibi (Chapman University)

Essie Adibi in 2014, proudly displaying his first Pulsenomics Crystal Ball award

The Pulsenomics® Crystal Ball Award

Every year, we look back to compare each of our panelist's home price expectations to actual prices as recorded by The Zillow U.S. Home Value Index.  We honor the experts whose forecasts prove most accurate with the coveted Pulsenomics Crystal Ball Award.

As we celebrate the achievements of our most recent award-winners, we also honor the memory of two beloved men who enthusiastically supported our research efforts since our founding--Karl Case and Esmael Adibi -- brilliant economists, inspirational educators, and wonderful human beings.  Chip and Essie, you are sorely missed.