What Kind of Home Do Millennials Buy?

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December 09, 2014

New NAHB research shows that compared to older generations, millennials tend to buy homes that are smaller, older, and affordable.
Currently, millennial homebuyers make up less than 9 percent of new-home buyers, whereas the share of older home buyers is closer to 12 percent. Moreover, the millennial generation is more likely to buy multifamily condominiums than older generations.
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