After the Millennials, Gen Z, or the adults born between 1997 and 2003, are next in line to enter the U.S. housing market. According to a survey conducted among over 15,000 respondents in the U.S., approximately 18 percent of Gen Zers were planning to purchase a home in the next 12 months as of June 2022. This was a decrease from the same quarter in 2021 when 21 percent of Zoomers were planning a home purchase. As house prices and interest rates continue rising, the decrease in home buyer sentiment can be seen among all generation groups.
Share of Gen Z planning to buy a home in the next 12 months compared to all adults in the United States from 3rd quarter 2019 to 2nd quarter 2022
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National Association of Home Builders. (July 12, 2022). Share of Gen Z planning to buy a home in the next 12 months compared to all adults in the United States from 3rd quarter 2019 to 2nd quarter 2022 [Graph]. In Statista. Retrieved June 04, 2023, from https://www.statista.com/statistics/1260224/share-of-gen-z-prospective-home-buyers-usa/
National Association of Home Builders. "Share of Gen Z planning to buy a home in the next 12 months compared to all adults in the United States from 3rd quarter 2019 to 2nd quarter 2022." Chart. July 12, 2022. Statista. Accessed June 04, 2023. https://www.statista.com/statistics/1260224/share-of-gen-z-prospective-home-buyers-usa/
National Association of Home Builders. (2022). Share of Gen Z planning to buy a home in the next 12 months compared to all adults in the United States from 3rd quarter 2019 to 2nd quarter 2022. Statista. Statista Inc.. Accessed: June 04, 2023. https://www.statista.com/statistics/1260224/share-of-gen-z-prospective-home-buyers-usa/
National Association of Home Builders. "Share of Gen Z Planning to Buy a Home in The next 12 Months Compared to All Adults in The United States from 3rd Quarter 2019 to 2nd Quarter 2022." Statista, Statista Inc., 12 Jul 2022, https://www.statista.com/statistics/1260224/share-of-gen-z-prospective-home-buyers-usa/
National Association of Home Builders, Share of Gen Z planning to buy a home in the next 12 months compared to all adults in the United States from 3rd quarter 2019 to 2nd quarter 2022 Statista, https://www.statista.com/statistics/1260224/share-of-gen-z-prospective-home-buyers-usa/ (last visited June 04, 2023)
Share of Gen Z planning to buy a home in the next 12 months compared to all adults in the United States from 3rd quarter 2019 to 2nd quarter 2022 [Graph], National Association of Home Builders, July 12, 2022. [Online]. Available: https://www.statista.com/statistics/1260224/share-of-gen-z-prospective-home-buyers-usa/