The Wall Street Journal reports on a new survey that finds most millennials want to live in single-family homes outside of the urban center, even if they now reside in the city.
The survey, released recently by the National Association of Home Builders, asked over 1,500 people born since 1977 if they wanted to remain urbanites or eventually relocate to the suburbs.
“While you are more likely to attract this generation than other generations to buy a condo or a house downtown, that is a relative term,” said Rose Quint, the association’s assistant vice president of survey research. “The majority of them will still want to buy the house out there in the suburbs.”
The survey found that 66% want to live in the suburbs, 24% want to live in rural areas and 10% want to live in a city center. One of the main reasons people want to relocate from the city center, she said, is that they “want to live in more space than they have now.” The survey showed 81% want three or more bedrooms in their home.
