Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Gen-Y Housing Perspectives
Dec 15, 2010
 Printable format
 Email this Article
 Search

Those members of the Gen-Y generation are "motivated by experience," so the largest demographic in U.S. history will approach the housing market with a unique perspective, according to Cooltownstudios.com.

There were 83-85 million people born in the 1981-1989 timeframe, and post author Neil Takemoto reported that Gen-Y will move into apartments in a big way, even sharing apartments more than previous generations.

Notable about Gen-Yers from a housing standpoint:
• They don't have the money yet to buy a home.
• About 30% are unemployed.
• They have more school debt - $23,000 on average.
• They're delaying marriage.

When they do buy a home, it will be smaller. Why?
• Gen-Y will have small living experience.
• They can't afford "big."
• "It’s not about the dream home, but the dream neighborhood," Takemoto writes.

Back to Daily News

 

Daily News

...........................................................

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

Oct 22, 2014: ACCA wants the HVAC manufacturers to develop open, universal communication protocols

Oct 22, 2014: IHA launches website to connect OEMs with consumers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows