Currently Reading

Millennials Are Planning to Buy

Advertisement

Millennials Are Planning to Buy


July 25, 2018
Millennial on a computer
Photo: Pixabay

A recent Housing Trends Report from the NAHB Economic team found that Millennials are most likely to buy a home in the next year.

The results, from the second quarter of 2018, found that 14 percent of adults plan to buy a home in the next 12 months. Broken down by generation, 22 percent of Millennials plan to buy a home in the next year, compared to 14 percent of Gen Xers, 8 percent of Baby Boomers, and 3 percent of Seniors.

In addition, 77 percent of Millennials planning to buy a house would be first time homebuyers, compared to 61 percent overall. Thirty-nine percent of respondents said they are looking to buy an existing home, while 21 percent are looking for a newly-built home and 40 percent are looking at both types.

Read more

Tags

Related Stories

Coronavirus Resources and Information

No Slowing Down for Home Improvement Projects and Sales

Home improvement spending grew during the pandemic and it’s not predicted to slow down any time soon. According to MarketWatch, home improvement…

Market Data + Trends

Here’s Where Vacation Home Sales Boomed the Most

Sales for vacation homes increased 16.4% in 2020 as many Americans worked remotely and fled high-density areas for more scenic lower-density areas…

Market Data + Trends

Homeownership Levels Increased and Decreased the Most in These Markets

Homeownership increased the most in areas with plentiful housing options at affordable prices, says Realtor.com. Many more affordable and lower…

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

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
Subscribe
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.