A significant number of renters are planning to stop renting and buy a home. Of the renters who say they plan to live in their current apartment for less than one year, more than a quarter (26 percent) say they plan to buy a home of their own. That works out to about 7 percent of renters who plan to become homeowners in the next 12 months, according to NMHC.
The survey didn’t ask this question in 2015, but a growing interest in homeownership would match well with the growing number of new, single-family housing starts, according to Census data.