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U.S.: COVID-19 effect on homeownership plans parents 2020, by generation

Published by Statista Research Department, Apr 23, 2021
In a September 2020 survey among adults in the United States, 32 percent of Millennial parents said that the coronavirus (COVID-19) pandemic had made them more interested in purchasing a home compared with 26 percent of GenX parents.

In the United States, the 2020 homeownership rate reached 65.8 percent.

Effect of the coronavirus (COVID-19) pandemic on homeownership plans of parents in the United States in 2020, by generation

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Source

Release date

September 2020

Region

United States

Survey time period

September 2020

Number of respondents

4,400 respondents

Age group

Adults

Method of interview

Online survey

Supplementary notes

Data were weighted to approximate a target sample of adults based on age, race/ethnicity, gender, educational attainment, and region. Results from the full survey have a margin of error of plus or minus 1 percentage points.

The original survey question was formulated as: "Has the COVID-19 pandemic (coronavirus) influenced your interest in buying a home in the future?"

This respondents were 373 Millennial parents, 228 Gen X parents and 156 Baby Boomer parents.

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