The home-ownership rate of millennials is now at 36%
As the housing industry celebrates New Homes Month in April, recent data from the Census Bureau confirms that millennials are increasingly entering the housing market as first-time buyers.
The home-ownership rate of millennials — now at 36% — registered the largest gains among all age groups in 2017. As the nation's largest demographic group, more than 70 million millennials are poised to dominate the home buying market in the months and years ahead.