flexiblefullpage - default
Currently Reading

Millennials Are Buying Homes

billboard - default

Millennials Are Buying Homes

July 8, 2019
Millennial at home
Photo: Unsplash/Freestocks.org

Forbes reports that 37% of Americans ages 25 to 34 owned homes at the end of 2015, showing that homeownership is not a thing of the past.

That’s right, the Millennial homeowner is not some one-in-a-billion, mythical unicorn. Under the right social and economic conditions, today’s twenty- and thirty-somethings are buying, particularly as they get married and start families.

Who is the Millennial buyer? “They are disproportionately married. They are disproportionately well-educated and more affluent. They are disproportionately white,” says Laurie Goodman, co-director of the Housing Finance Policy Center at the Urban Institute.

The generational homeownership gap is real. A substantially smaller share of Millennials—born between 1981 and 1997—own homes (32%) than do older generations (the rate is 60% for Gen X and 75% for Baby Boomers). Even the stronger-than-you-probably-expected 37% of older Millennials who own lags the 45% of Gen Xers and Boomers who did so at the same age. Demographics, economics and social trends are working against many of us—but they are not working against all of us.

Read more

leaderboard2 - default

Related Stories


Mortgage Rates Continue Third Week of Downward Trend

Thanks to the continued drop in mortgage rates, mortgage applications are up, reaching their highest weekly pace in five weeks


The Fed Hits Pause on Rate Hikes, but Borrowing Costs Remain High

The Federal Reserve is expected to pause rate hikes, but buyers will continue to feel the sting of elevated borrowing costs for months to come


What's It Take to Qualify for a Mortgage in the Largest US Metros?

The minimum income needed to qualify for a typical mortgage on a median-priced home has risen higher than ever

boombox1 -
native1 - default
halfpage2 -

More in Category

Get your sales and marketing teams together to create and deliver a consistent brand message from start to finish

A closer look at what’s propelling the adoption of off-site construction methods in home building

If you want to know what's driving home building's move to off-site construction methods: look to the convergence of technology and culture

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.