Rent or Own, Young Adults Still Prefer Single-Family Homes
In this edition of Housing Insights, Fannie Mae’s Economic & Strategic Research Group examines how Millennials, like their predecessors, have a strong preference for single-family homes. Importantly, Millennials’ desire for single-family homes is not only substantial, but should strengthen in coming years as more members of the cohort age into their thirties – prime years for first-time homeownership. Given the massive size of the Millennial generation, this life-cycle progression should support continued recovery in housing construction and bodes well for a stronger rebound in the single-family sector in the second half of the decade.
To learn more about these findings, read our latest edition of Housing Insights.