Among millennials who have never purchased a home, 42% say that their dog – or the desire to have one – is a key factor in their desire to buy a home in the future, suggesting dogs will also influence purchase decisions of potential first-time home buyers.
What trends are catering to the newest generation of homeowners & how are homebuilders changing to meet their needs?
There’s no shortage of articles and information written about the Millennial generation. This much hyped and scrutinized demographic have a unique influence on just about all aspects of life, but perhaps none more surprising than the re-urbanization happening across the country. Currently more than 80% of the US population resides in urban areas, up from 50% in the 1920’s and 66% in the 1960’s. The urbanization of America has always been a gradual process but now it’s accelerating faster than ever.
Millennials are still buying homes at the same age as previous generations.