Press Release
millennial-homebuyers
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What Do 2022 Buyers Want in a New Home?

ORLANDO, Fla. – What do homebuyers look for when it comes to features in the home of their dreams? Does it change according to the generation? It depends – though all ages still want laundry rooms and walk-in pantries, according to National Association of Home Builders (NAHB) researchers.

Some features ranked higher in part due to the pandemic, though many tried-and-true preferences didn’t go away.

According to NAHB, an increased desire for bigger homes, suburban locations and more outdoor amenities are driving new home design, resulting in a rise in the average size of a new home to 2,524 square feet. New-home buyers also show a preference to homes with four-plus bedrooms (46%) and at least three bathrooms (34%).

Desires vary by generation, however. Still, all generations listed five items they consider important: laundry rooms, exterior lighting, ceiling fans, patios and walk-in pantries.

Buyers by generation

Millennials’ (36%) and Gen Xers’ (34%) housing preferences have changed because of the pandemic. In addition to a desire for more space and more bedrooms, both groups also look for homes with modern or contemporary exteriors designed for multiple generations. They also want exercise rooms, home offices and designated bike lanes in their communities.

Only 18% of baby boomers, on the other hand, noted a change in their preferences. They’re interested in smaller homes on smaller lots, preferably in the suburbs. They also have an eye toward energy efficiency, with top preferences focused on energy-efficient lighting, ENERGY STAR appliances and whole home certification.

The percentage of single-family homes with patios rose to 63% as buyers put more emphasis on outdoor living. Homebuyers across generations also show a stronger preference for all details of exterior living, with millennials indicating a specific interest in front porches as well.

Florida Realtors® serves as the voice for real estate in Florida. It provides programs, services, continuing education, research, and legislative representation to about 225,000 members in 51 boards/associations. Florida Realtors® Newsroom website is available at floridarealtors.org/newsroom