More than half of homeowners and renters (51.2 percent) strongly or somewhat agree with the following statement: “Less immigration will result in fewer construction workers, and thereby fewer new homes, making homes more expensive.” That’s according to a new survey commissioned by Redfin.
But much of the nation holds the opposite view; 38.5 percent of homeowners and renters strongly or somewhat agree with this statement: “Less immigration will reduce demand for housing, making it more affordable.”
Democrat respondents were more likely than Republican respondents to agree with the idea that less immigration will make homes more expensive: 67.1 percent vs. 38.7 percent, according to the survey.
The findings are from a nationally representative Redfin-commissioned survey of 4,000 homeowners and renters conducted by Ipsos March 28-April 28.
Homeowners and renters are also torn on how tariffs will impact the housing market. Over two-thirds (67.9 percent) strongly or somewhat agree with the following statement: “Tariffs will cause price inflation and keep interest rates high.” But over one-third (34.7 percent) strongly or somewhat agree with this statement: “Tariffs will help boost the U.S. economy so more people can afford homes.”
Republican respondents were more likely than Democrat respondents to agree with the idea that tariffs will help boost the economy so more people can afford homes: 55.3 percent vs. 23.9 percent, according to the survey.
Redfin reported in April that nearly 1 in 4 residents are canceling plans to make a major purchase, such as a home or a car, because of President Trump’s new tariff policies.
More than 2 in 5 homeowners and renters (43.1 percent) feel very or somewhat worried about the effect tariffs could have on their local housing market/home values. Roughly one-third (33.1 percent) feel very or somewhat hopeful.
When it comes to immigration, 40.7 percent of homeowners and renters feel very or somewhat hopeful about the effect deportations/fewer immigrants could have on the economy, while 26.3 percent feel very or somewhat worried.