Menu
It is no secret that Millennials continue to make up the largest group of homebuyers in the market, but it is important to understand how their homebuying habits differ. Learn how the homebuying trends of younger millennials are different from older millennials in the MReport article.
Multi-generational homes are the preferred choice for Gen-Xers and older millennials, according to the National Association of Realtors’ (NAR’s) 2019 Home Buyer and Seller Generational Trends study. However, the reasons they prefer to buy these homes are different.
The study found that while Gen Xers prefer to buy a multi-generational home because their adult children are moving in with them or never left home, older millennials who bought these homes were likely to do so to take care of their aging parents.
“The high cost of rent and lack of affordable housing inventory is sending adult children back to their parents’ home either out of necessity or an attempt to save money,” said Lawrence Yun, Chief Economist at NAR. “While these multi-generational homes may not be what a majority of Americans expect out of homeownership, this method allows younger potential buyers the opportunity to gain their financial footing and transition into homeownership.”
For the first time, the study also divided the millennial generation into older millennials and younger ones due to the disparity in their homebuying habits. While millennials as a whole continued to form the largest group of homebuyers of any generation at 37 percent of all buyers, younger millennials accounted for 11 percent of all buyers while older ones represented 26 percent of all homebuyers.
It indicated that younger millennials accounted for a larger buying share than the silent generation which stood at 7 percent of all buyers. Among millennial homebuyers, the study indicated that older millennials “have a median household income of $101,200 and purchase homes with a median price of $274,000, comparable to Gen Xers ($111,100 income, $277,800 median home price) and younger boomers ($102,300, $251,100 respectively).”
According to Yun, “Older millennials are now entering the prime earning stages of their careers, and the size and costs of homes they purchase reflect this. Their choices are falling more in line with their Gen X and boomer counterparts.”
On the other hand, younger millennials whose median income stood at around $71,000 were purchasing the least expensive and smallest homes due to the challenges of affordability.
When it came to downsizing, the study revealed that this wasn’t common among any of the generations at present. It indicated that sellers over the age of 54 only downsized by a median of 100 to 200 square feet as Gen Xers and boomers who might be interested in downsizing facing the challenges of smaller inventory. These sellers could also “have been impeded by the increase in multi-generational living these generations are reporting to accommodate the needs of adult children and aging parents.”
Lemoore, Calif. – April 2019 – Lennar Central Valley is excited to announce the Grand Opening of the California Series at Reverie in Lemoore will take place on Saturday, April 13. The two fully decorated models represent the collection of single-family homes, showcasing innovative designs and incredible Everything’s Included® features.
“We could not be more excited to unveil the model homes from California Series at Reverie,” said Susan Wilke, Vice President of Sales and Marketing for Central Valley. “With a wide selection of floorplans, including our Next Gen® – The Home Within A Home® design for multigenerational living, families of every type can find a home that’s right for them.”
The homes from the California Series offer beautiful curb appeal with Spanish, mission-inspired exterior detailing. Five distinct single-story designs are offered, ranging in size from approximately 1,580 to 2,171 square feet of living space with up to four bedrooms, three bathrooms and two-bay garages. Floorplans are designed for the modern family with open and free flowing interior spaces, spacious secondary bedrooms, sophisticated master suites with lavish bathrooms, outdoor living spaces and so much more.
Be sure to RSVP before April 12 to receive a special gift when you arrive. Click HERE to RSVP.
For homebuyers looking for a home to meet their multigenerational needs, Lennar’s Next Gen® – The Home Within a Home® floorplan is available in the Sugar Pine Floorplan. The Next Gen suite is attached to the main home and includes a separate entrance, living space, kitchenette, laundry area, bedroom and full bathroom. Lennar designed this plan to be incorporated into the main home floorplan in a way that allows a separate space but also offers direct access from the main home.
For better living and added value, Lennar’s signature Everything’s Included® program outfits each new home with a high level of today’s most popular upgrades and features. From upgraded and high-quality cabinetry, luxury countertops, stainless steel appliances, energy efficient features throughout, home automation technology and so much more, all are included as standard and at no additional cost.
Residents will love their life at Reverie with the surrounding area providing plenty of opportunity to get out and experience great shopping, entertainment, dining and outdoor recreational activities. The Naval Air Station, a U.S Navy base located in Kings Country, is located to the west of Lemoore. For commuters, the neighborhood offers close proximity to surrounding cities such as Hanford, Visalia and Fresno.
The Grand Opening will take place at the Welcome Home Center, located off of Hanford Armona and Liberty Roads in Lemoore from 11am to 5pm. Be sure to follow the Lennar Central Valley Facebook page for Grand Opening information and to stay connected to our communities. Call to 559-554-1147, CHAT NOW or visit www.lennar.com/fresno to learn more.
About Lennar
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.
Madera, Calif. – April 2019 – Lennar is thrilled to announce the model homes from the Chateau Series of home designs will Grand Open at Riverstone on Saturday, April 13. Located off Avenue 12 and Highway 41, these homes provide a great opportunity for families to purchase a new home in a country-like setting with easy access to major cities. Riverstone offers homeowners access to great amenities and an overall well-balanced lifestyle.
“We are very excited about the upcoming models from the Chateau Series at Riverstone,” said Susan Wilke, Vice President of Sales and Marketing for Central Valley. “These floorplans were designed for the way busy families live today, and we can’t wait to unveil them.”
The Chateau Series at Riverstone offers four distinctive home designs, with a fifth coming later this year, that vary in size from approximately 1,787- 2,798 square feet, three to four bedroom, two to three and a half bath and two to three bay garage.
RSVP by April 12 to receive a special gift at the Grand Opening. Click HERE to RSVP.
Lennar’s revolutionary Next Gen® – The Home Within A Home® design will be offered as part of the Chateau Series, in the Camelot floorplan. Designed for multigenerational families, these homes contain an attached private suite with its own separate entrance, living room, kitchenette, bathroom, bedroom and laundry area.
Every new Lennar home at Riverstone comes with added value through the homebuilder’s signature Everything’s Included® program, which provides custom-like features at no additional cost for homebuyers. These include items such as quartz or granite kitchen countertops, stainless steel appliances and the latest in home automation!
Lennar’s new Wi-Fi CERTIFIED™ Home D
Situated in the award-winning Riverstone masterplan, residents benefit from a strong sense of community and plethora of amenities just steps away from their brand-new home. The Lodge serves as the main recreation center. Inspired by “deconstructed agrarian industrialism,” it features a large clubhouse for events, sparkling swimming pool, covered cabanas, outdoor bar with firepits, demonstration kitchen, state-of-the-art fitness center, community garden and gear barn where residents can rent out items such as bicycles, corn hole and kayaks to complement an active outdoor lifestyle.
The Grand Opening will take place at the Chateau Series at Riverstone Welcome Home Center, located at 552 Expedition Way, off Avenue 12 and Highway 41. Be sure to follow the Lennar Central Valley Facebook page to stay connected, call us today at (559) 554-1147 or CHAT NOW to hear back immediately.
About Lennar
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.
Merced, California – April 2019 – Lennar Central Valley is excited to announce that the Summer Series of home designs at Moraga will Grand Open two beaufitully decorated model homes on Saturday, April 13 from 11 a.m. to 5 p.m. With coastal-inspired home designs, the Summer Series at Moraga has floorplans suited for many life styles.
“Moraga has been a highly-popular community and we’re so excited to bring our brand-new Summer Series of homes here,” said Susan Wilke, Vice President of Sales and Marketing for Lennar Central Valley. “The Summer Series offers even more home options for prospective home shoppers, with beach and coastal-inspired details and stylish Everything’s Included® features.”
The Summer Series presents three spacious two-story floorplans for home shoppers to choose from that range in size from approximately 2,102 to 2,617 square feet of living space. These residences offer four to six bedrooms, three bathrooms and two-bay garages.
Be sure to RSVP before April 12 and receive a special gift at the Grand Opening. Click HERE to RSVP!
Every Lennar home comes outfitted with today’s popular features and upgrades at no additional cost thanks to the homebuilder’s signature Everything’s Included® program. Homebuyers enjoy items such as stainless steel appliances, upgraded cabinetry and countertops, integrated home automation technology and more, all without having to pay extra.
Lennar’s new Wi-Fi CERTIFIED™ Home D
The Grand Opening will take place on Saturday, April 13 from 11 a.m. to 5 p.m. at the Moraga Welcome Home Center, located on Yosemite Avenue and Via Moraga in Merced.
Visit and follow the Lennar Central Valley Facebook page to stay connected, call (209) 268-0020, CHAT NOW or visit www.lennar.com/fresno for more information.
About Lennar
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com
Puyallup, Wash. – April 2019 – Lennar Seattle is excited to invite home shoppers to the Grand Opening of Woodlands, a new Lennar community at the Sunrise masterplan, on Saturday, April 27 from 11 a.m. to 2 p.m. Attendees will be able to enjoy complimentary wood fire pizza from the Rain or Shine on Fire food truck, fun activities and the first opportunity to tour the professionally-decorated model homes.
“We are so excited about being part of the Sunrise community, which offers an incredible place to live, work and play,” said Bill Salvesen, Division President for Lennar Seattle. “Surrounded by acres of protected, beautiful environment, we are offering only 67 homesites, many with gorgeous mountain views.”
Lennar offers eight spacious single-family home designs in total, with sizes that range from approximately 3,017 to 3,423 square feet. These homes offer four to five bedrooms, two and one-half to three and one-half bathrooms and two to four-bay garages. One of Lennar’s popular Next Gen® – The Home Within A Home® designs is available at this community in the Bainbridge plan.
Next Gen® homes were designed with multigenerational families in mind. Each one features an attached private suite, complete with its own separate entrance, living room, bedroom, bathroom and kitchenette. The Bainbridge plan 3,183 square feet of living space in total, with four bedrooms, three and one-half bathrooms and either a three tandem or four-car tandem garage.
Every home at Woodlands comes outfitted with high-end features and upgrades at no additional cost thanks to Lennar’s Everything’s Included® program. Stylish items such as stainless steel appliances, quartz countertops, upgraded cabinetry, home automation and more come included as standard.
The Event will take place at the Woodlands Welcome Home Center, located at 12407 18th Street E. in Puyallup. For more information visit www.lennar.com/seattle or call (855) 325-1486.
About Lennar
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com
Finding your dream new home in Hendersonville, Tennessee is a breeze at Durham Farms. This gem of a community is located in Sumner County and can be found near shopping, dining, entertainment, and great schools. However, you may never want to leave Durham Farms because of the amazing amenities! Meetup with your neighbors at the Hub, the community’s Wi-Fi café, take a dip in the resort-style swimming pool or enjoy a group workout class in the fitness center. Enjoying the great outdoors is easy with miles of walking trails and pocket parks.
Lennar Nashville is proud to feature three collections of homes at Durham Farms to suit a variety of homeowner’s needs. The Classic Parks collection features 3-floor plans ranging from 2,164 to 2,508 square feet with 3 to 4 bedrooms, 2 to 3 bathrooms, open floor plan designs
All three collections of homes include Lennar’s Everything’s Included® guarantee. This guarantee means you’ll get all the luxurious and top-of-the-line features you could desire in a home, green building features to save you money and help the environment, and extended services to simplify your home purchase and ownership experience. Plus, each home comes with the Wi-Fi CERTIFIEDTM Home Designfeaturing state of the art home automation from well-known brands letting you control your home with your voice.
Spring is the perfect time to join the Durham Farms community! The Spring Sales Event goes from March 21st to May 30th. After finding your dream home at Durham Farms, you can take part in one of the many events put on at Durham, such as Yoga Night (April 3rd), Eggapalooza (April 13th), and Barks and Brews (April 27th).
Schedule your visit today to take a tour of this amazing community and find your new dream home in Durham Farms.
Stay connected with Lennar Nashville on Facebook, Twitter, and Instagram to learn about all our upcoming events, communities, and specials!
As the first quarter of 2019 comes to an end, checking on the status of our New Year’s resolutions seems timely. If buying your dream home is one of your goals, but you have yet to find one that meets your expectations, a Lennar home may be exactly what you seek. With beautifully crafted designs, extensive amenities, and convenient locations, Lennar’s Miami-Dade new home communities, such as Urbana at the Residences at Downtown Doral, Satori, and Landmark, enable you to experience a lifestyle of practical, luxurious living, fulfilling your resolution as soon as today!
Within walking distance of top schools, shopping, and restaurants, Urbana, a community of condominiums and townhomes in the heart of Downtown Doral, offers a striking backdrop for your contemporary lifestyle. Featuring an elevated metropolitan vibe, open floorplans, and Smart Home Technology—which is included in the price of all new Lennar homes—Urbana combines luxury and convenience.
The array of choices at your fingertips in this master-planned community is part of the super-connected lifestyle. Step outside your home to find a wide range of family amenities, from the grand clubhouse’s state-of-the-art fitness center, to a resort-style pool and children’s water park. Stay at home and whip up a meal in your well-appointed kitchen (complete with stainless steel appliances) or stroll over to one of the many neighborhood eateries. Relax poolside with a tall drink and a good book or indulge in world-class shopping just minutes away. You decide –– all of your options are good ones!
Another deluxe haven, Satori is a Lennar community of townhomes and estate homes in Miami Lakes, infused with peace and serenity. Here residents enjoy watching the sun rise over the magnificent 67-acre lake or meditating in one of the tranquil gardens with gazebos. This Zen-inspired community welcomes the modern family with innovative floorplans, modern features and finishes, and organic architectural detail, including stone and wood accents. Whether you’re looking for an expansive townhome or an impressive estate home, every space in Satori is artfully conceived and designed to bring balance, harmony, and luxury to daily living.
Your family will surely fall in love with the waterfront clubhouse and floating dock, where you can watch the turtles, herons, ducks, and other wildlife. Just steps away, the aquamarine pool, children’s water park, and sundeck areas will beckon, offering ample opportunities for fun and leisure. And a prime location in coveted Miami Lakes and near major thoroughfares, help make Satori a prime choice for your dream home resolution!
Another option for those who desire resort-style living is Landmark: an urban-chic community of condominiums and townhomes in Doral with fabulous amenities, including a sparkling pool, outdoor movie theater, two tennis courts, and more! Invite guests to the clubhouse’s rooftop terrace for a sophisticated happy hour or serve a memorable meal in your attractive patio––Landmark inspires stylish entertaining.
If you frequently have friends and family staying with you, one of Landmark’s 2-story townhomes, the Model J, features Lennar’s Next Gen® home design. This innovative concept features a completely independent and private space for the enjoyment of your guests, or older children and in-laws. A separate apartment atop the garage, Model J’s Next Gen® suite has its own entrance, bathroom, kitchenette, and closet.
This smart home community has easy access to nearby schools, shopping, and dining, so residents do not have to compromise aesthetics for convenience. At Landmark, you’ll have everything you need to feel pampered and experience a higher level of living.
Creating communities that make for exceptional lifestyles is what we do best at Lennar. Regardless of your home preference—whether it be one of Satori’s elegant estate homes, an edgy condo at Landmark, or one of the ultra-luxe, 4-story townhomes with private elevator at Urbana (or, something else entirely!)—we can help. Come by and let’s talk about your perfect space. It’s time to cross “buy my dream home” off your to-do list!
Community Grand Opening Set for Saturday, April 6
Lennar has acquired 15 acres in northeast Houston where it has opened the city’s first nuHome community of new, affordable single-family homes from the mid $100s.
Located on Wayside Drive just south of Little York, Lennar’s first nuHome Houston community – and first in Texas – offers new three- and four-bedroom plans from 1,174 – 2,229 square feet.
Families can get their first look at the affordably priced nuHome community of Wayside Village on Saturday, April 6 from 1 – 4 p.m. A new, fully furnished model home also will open for public tour.
“nuHome puts the dream of homeownership within reach with a new home first-time buyers can afford from a builder they can trust,” says John Hammond, Houston division president of Lennar.
Lennar’s Wayside Village offers 64 homesites with several already pre-sold. About 35 prospects toured the community’s model and inventory homes at an early March pre-grand opening kick off.
“It’s proven what we’ve known for quite some time – there’s a pent up demand for new homes in Houston starting in the $100s,” adds Hammonds.
Six functional and inviting plans boast features such as open-concept kitchen and adjoining breakfast room, spacious family room, first-floor master suite with en suite master bathroom and large walk-in closet, spacious secondary bedrooms, second-floor loft space, generous utility room and two-car garage. Modern designs and finishes include laminate tops, tile floors and chrome finishes. Move-In ready homes also are available.
nuHome also presents buyers with down payment assistance options, available through Eagle Home Mortgage, including a 3.5% down payment assistance grant which can be applied toward a down payment or closing costs.
“It’s all about making it easier to purchase a new home for families of all sizes who otherwise were limited to rent or resell residences,” says Hammond.
Other nuHome communities are expected to open later this year, he adds.
To learn more, go to www.nuHomeTexas.com.
nuHome is part of Lennar Corp., established in 1954 as one of the nation’s leading homebuilders.
Your new home journey doesn’t have to be an overwhelming experience. You might be filled with a lot of questions, but lucky for you, Lennar, one of the nation’s leading homebuilders, provides prospective buyers with a valuable tool right at their fingertips: Internet Sales Consultants (ISCs). Our California Coastal iTeam is a group of dedicated ISCs: Cal-DRE licensed real estate agents and professionals that offer a wide range of services and are there to understand your needs and help find you a Lennar home that fits your lifestyle.
A more comfortable and convenient alternative to using a realtor, the iTeam is available via phone, email and even text message—all free of charge. Here are just a few of the services they provide:
ISCs are the concierge of the home buying experience with Lennar. With such a valuable service available, what’re you waiting for? Start your new home search today and find your dream home!
