Tag: Millennials
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Millennials want to own homes, but affordability stands in the way
Rising interest rates, coupled with an already tight and competitive market, are impacting purchasing power of would-be homebuyers. Consequently, the housing market is starting to see a shift in who is buying homes — especially in the millennial age group. Millennials are now the largest generation of potential homebuyers, but this age group is becoming… Read More
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New study finds most millennials tend to stay close to home
More than two-thirds of young adults in the U.S. lived in the same area where they grew up by the age of 26, according to a new study by the U.S. Census Bureau and Harvard University. In fact, 80% had moved less than 100 miles away, and 90% lived less than 500 miles away. Although… Read More
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Housing supply solutions left on the table
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Federal government withdraws energy code rule
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A framework for improved model building codes
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Less efficient, older homes make up greatest share of housing stock as energy codes focus on new home construction