Millennials Differ in Housing Preferences, But Not by Much

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Posted To: MND NewsWire

With the huge Millennial generation finally buying houses, the National Association of Home Builders has taken a deep dive into their various preferences for where and how they are going to live. Last year it conducted the fourth in a series of buyer preference surveys, adding to data collected in 2007, 2012, and 2015. A report by Paul Emrath analyzes those choices, how they differ across age groups and changed as those groups have aged. Some of the survey’s findings specific to Millennials, which they define as those currently 23 to 39 years of age, is that they prefer to buy new homes built for sale rather than those that are custom built and, while most prefer to buy in the suburbs there is an increasing desire to live in central cities. Their preferences include a set of amenities such…(read more)

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