What you want in a house largely will depend on which generation you come from. Lesley Deutch, a principal at John Burns Real Estate Consulting, studied the top housing preferences by age and revealed insights that can assist builders figure out what types of homes to build for each generation.
Top Housing Preferences Depend upon Your Age
1940s: Ages 67 to 76
“These buyers will always be active and live anywhere they want. Growth may be seen in urban areas and grandiose second homes near their grandchildren.”
1950s: Ages 57 to 66
“This generation will innovate retirement to be about health and family. They may increase requirement for multi-generational living and retirement homes near their kids.”
1960s: Ages 47 to 56
“This generation is much more likely to welcome adult kids living with them. They are empty nesters and could gravitate toward remodels.”
1970s: Ages 37 to 46
“This generation gravitates to multi generational living, due partially to foreign-born preferences.”
1980s: Ages 27 to 36
“For now, this generation still prefers the urban city living where they may be likely to rent due to delayed marriage and children, however, there will soon be a large demand once they wish to move to the suburbs for schools and a cheaper mortgage.”
