Industry News

millenials, home buying

Millennials Show a Growing Preference for New Homes

Tom Oslund

Among general housing preferences, there is a noticeable upward trend in the percentage of millennials who desire a new home built for sale offered by a builder, according to a recent study by the NAHB Economics team.

Between 2007 and 2018, the percentage of millennial home buyers who prefer a new home increased from 28% to 41%. This increase seems to be at the cost of the desire for a...

Millennial Home Preferences vs. Other Generations

Tom Oslund
New-home sales rebound

New-home sales rebound in June after two straight declines

Tom Oslund

The numbers: New-home sales rebounded in June, the first gain in three months, government data released Wednesday show. The annual sales pace for new single-family homes in the U.S. rose 7% last month to 646,000, led by a big gain in sales in the West, the Commerce Department said.

Economists polled by MarketWatch had expected a June sales rate of 657,000, compared with...