Millennials aren’t on the sidelines anymore; they are becoming a driving force in the market. Like many, they were hit hard by the great recession which ultimately hampered their ability to form new households. However, after years of living with friends and family they have built up enough savings for a down payment to purchase their first home. So the next question is where are they looking to buy? According to Meyers Research group, Texas is at the top of the list for Millennials, and Arizona, Florida and Colorado aren’t far behind. Steering Millennials to these locations are job opportunities, affordability and an attractive lifestyle. As more Millennials enter the housing market, understanding their needs and behaviors will play a big role in how future Master Planned Communities are designed and built.
For more on Millennials, visit the following link from Builder: https://www.builderonline.com/design/consumer-trends/millennials-want-to-move-to-these-metros-and-heres-why_o
The Convergence Team