Tag: millennials

Younger Generations Seek Larger Homes

Filed in Economics, Housing Trends by on October 9, 2019 0 Comments
Younger Generations Seek Larger Homes

The median square footage millennials (those born in 1980 or after) want in a home is 2,407 square feet, slightly higher than the Gen X generation (2,280 sq. ft.), and significantly more than baby boomers (1,913 sq. ft.) and seniors (1,869 sq. ft.).

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How Millennial Layout Preferences Differ From Other Generations

Filed in Housing Trends by on October 1, 2019 0 Comments
How Millennial Layout Preferences Differ From Other Generations

Millennials are more inclined to want features such as two-story homes, open layouts, and a greater number of bedrooms and bathrooms than other generations, according to data from NAHB’s “What Home Buyers Really Want” report.

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Where Do Generations Want to Live?

Filed in Economics, Housing Trends by on August 21, 2019 2 Comments
Where Do Generations Want to Live?

For the majority of Gen Xers, baby boomers and seniors, suburbia continues to be the preferred community in which to live.

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Millennials Show a Growing Preference for New Homes

Filed in Economics, Housing Trends by on August 20, 2019 0 Comments
Millennials Show a Growing Preference for New Homes

There is a noticeable upward trend in the percentage of millennials who desire a new home built for sale offered by a builder, according to a recent study by the NAHB Economics team.

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Millennial Home Preferences vs. Other Generations

Filed in Economics, Housing Trends by on August 9, 2019 4 Comments
Millennial Home Preferences vs. Other Generations

A recent study by the NAHB Economics department highlights the differences between millennial home buyer preferences and other generations over recent years.

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Top 10 Features Millennials Want — and Don’t Want

Filed in Economics, Housing Trends by on August 7, 2019 0 Comments
Top 10 Features Millennials Want — and Don’t Want

At least four out of five millennial buyers prefer laundry rooms, hardwood front exteriors, patios and garage storage. Conversely, they give a thumbs down to elevators, wine cellars and laminate countertops.

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How to Attract Millennial Home Buyers

How to Attract Millennial Home Buyers

Millennials are the largest generation at approximately 79 million strong — surpassing baby boomers by about 4 million. Of those 79 million, 52% are contemplating homeownership, while 37% prefer the flexibility of renting.

So how can builders attract more millennials to purchasing a home?

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2.4 Million Millennial-led Households are Missing

Filed in Economics by on July 13, 2018 9 Comments
2.4 Million Millennial-led Households are Missing

Just 40% of young adults led their own household in 2016, and that number has been dropping steadily since 2000 (46%). While all age groups recorded continuous declines of headship rates between 2000 and 2016, none saw a faster drop than the 25-to-34 year olds.

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What Millennial Home Buyers Want

What Millennial Home Buyers Want

It’s all about location, location, location – with a dash or two of compromise – as millennials, the nation’s largest demographic group at 90 million strong, is poised to dominate the home buying market. Two market researchers – who happen to be millennials themselves – offered insight into their generation in Two Millennials Tell All, an education session offered Jan. 10 during the NAHB International Builders’ Show in Orlando.

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June 28 Webinar: Are Millennials the Market You’re Missing?

Filed in Education, Sales & Marketing by on June 19, 2017 0 Comments
June 28 Webinar: Are Millennials the Market You’re Missing?

A far cry from the cliché of graduating college only to return to their parents’ basements, Millennials are getting older and becoming viable and attractive consumers in the housing market.

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