Millennials, people born between 1981 and 1996, have overtaken baby boomers to become the largest generation in
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Millennials, people born between 1981 and 1996, have overtaken baby boomers to become the largest generation in the United States. An article in the New York Times noted that in 2023, for the first time, more millennials owned homes than rented either houses or apartments.
a. During which part of their life spans are people most likely to buy their first home?
b. Another article in the New York Times noted that in 2022, the United States experienced “one of the slowest [population] growth rates in the nation’s history.”
What are the implications of slow population growth for the growth of demand for residential investment?
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