eNews Subscribe to eNews

Fannie: Millennials Embracing Home Ownership in Droves

Monday, December 4, 2017

Builder magazine

New research from the University of Southern California and Fannie Mae confirms that Millennials are finally embracing home ownership.

The study, conducted by Patrick Simmons, director, strategic planning for the Economic & Strategic Research Group at Fannie Mae, and Dowell Myers, professor of Policy, Planning, and Demography at the Sol Price School of Public Policy at the University of Southern California, notes that traditional age-group analysis of the data suggests that Millennial home-ownership demand continues to slumber.

However, by examining the data from a cohort perspective, which disentangles current from past home-buying behaviors, the authors reveal a sharp awakening of Millennial home ownership.

Cohort analysis shows that the pace of young-adult home purchases accelerated substantially during the economic recovery and quickened further through 2016.

For every age transition above 22-23 – 24-25, the increases in cohort home-ownership rates between 2014-2016 were significantly greater than the gains registered from either 2008-2010 or 2010-2012.

Compared with the age-group approach, the cohort perspective suggests a more optimistic outlook for Millennial home ownership demand – and casts doubt on the notion that young adults have diminished preferences for buying homes.

More eNews

Summer Classics Buys Building in LaVilla, Florida

Wednesday, December 13, 2017

A national manufacturer and retailer of high-end outdoor furniture is helping set the tone for redevelopment in LaVilla. Summer Classics last week purchased the 12,000 sq. ft. building at 1104 W. Adams St. for $1.2 million. It will be used as a retail...

» Continue

Napoleon Introduces True See-Through Electric Fireplace

Wednesday, December 13, 2017

A leader in the hearth industry for more than 40 years, Napoleon continues to bring innovative technology to the category, most recently with the launch of its CLEARion See Thru Electric Fireplace. Now available for purchase, the unique fireplace is the...

» Continue

Phifer Introduces Online Tool to Preview Fabrics

Wednesday, December 13, 2017

Phifer Incorporated is excited to launch a new online tool designed to take the guesswork – and stress – out of choosing the perfect fabric to adorn outdoor settings. The new Outdoor Fabric Visualizer simplifies what can be a confusing if...

» Continue

Memphis Wood Fire Grills Hires David Carpenter

Friday, December 8, 2017

Memphis Wood Fire Grills has hired David Carpenter as the Northeastern Territory Representative. He brings years of experience to Memphis Grills from the Solar Industry as both a Regional Sales manager and as a Sales consultant. An avid foodie, Carpenter...

» Continue