Tag: millennials

Most Home Building in Millennial Areas, But Pace Lags Rest of Nation

Filed in Economics, Housing Trends by on December 3, 2019 0 Comments
Most Home Building in Millennial Areas, But Pace Lags Rest of Nation

The majority of single-family and multifamily housing production in the nation is occurring in counties with the greatest concentration of millennials. However, in a warning sign that the housing affordability crisis persists and more construction is needed, the pace of housing production in areas with the greatest concentration of millennials lags the rest of the nation, according to the latest quarterly NAHB Home Building Geography Index (HBGI).

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Setting the Facts Straight on a ‘Tidal Wave’ of Boomer Homes to Hit the Market by 2037

Filed in Economics, Housing Trends by on November 26, 2019 2 Comments
Setting the Facts Straight on a ‘Tidal Wave’ of Boomer Homes to Hit the Market by 2037

A recent Wall Street Journal story that was picked up by Fox News ran with a sensational – and misleading – headline: “Baby boomers may put ‘tidal wave’ of 21 million homes on market – but who will buy them?”

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Millennials Most Likely Generation to Consider Buying a Home Within the Next Year

Filed in Economics, Homeownership, Housing Trends by on November 14, 2019 3 Comments
Millennials Most Likely Generation to Consider Buying a Home Within the Next Year

Only 12% of adults are considering the purchase of a home within the next 12 months, according to NAHB’s Housing Trends Report for the third quarter of 2019. This share of prospective home buyers is essentially unchanged from where it stood a year earlier, at 13%.

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Top Bathroom Features Among Millennial Home Buyers

Filed in Economics, Housing Trends by on November 8, 2019 7 Comments
Top Bathroom Features Among Millennial Home Buyers

A recent report published by NAHB reveals the top bathroom features wanted by millennials. The study also reveals a wide disparity between millennials and seniors regarding certain bathroom amenities.

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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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