The millennial generation is poised to make a significant impact on home design with their strong preferences for energy efficiency and smart-home technology; comfortable, workable kitchens and more casual spaces, says speakers today from the National Association of Home Builders (NAHB) and Better Homes and Gardens. Both spoke at a press conference on housing preferences for millennials, Gen X, boomers and seniors held recently during the NAHB International Builders’ Show in Las Vegas.
But first, they have to move out of their parents’ homes and into a place of their own, says NAHB Assistant Vice President for Survey Research Rose Quint. In 2015, about 15 percent of adults ages 25-34 lived with a parent, about 3 percent more than the highest share between 1983 and 2007 – 12 percent. That translates into 1.3 million people who normally “would be out there, forming their own households, demanding their own units,” either asbuyers or renters, she says.