According to a survey conducted among over 15,000 respondents in the United States, approximately 25 percent of home buyers who were looking to buy a home in the next 12 months would prefer a newly-built home as of the second quarter of 2023. This result reflected a significant change from 2021, when 33 percent of respondents preferred a newly built home. Among different generation groups, millennials had the strongest preference for new over existing housing (24 percent). During the same period, roughly 15 percent of U.S. adults were planning a home purchase in the next year.
Share of adults who are looking to buy a newly-built home in the United States from 2021 to 2023, by generation
adults planning a home purchase in the next 12 months.
Method of interview
Online survey
Supplementary notes
* The source adds the following information: "polls are based on a national sample of adults selected to proportionately represent the US adult population in terms of age, gender, region, race/ethnicity, and education. Further weights are applied to the final set of respondents to ensure proper representation across these demographic variables."
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National Association of Home Builders. (July 11, 2023). Share of adults who are looking to buy a newly-built home in the United States from 2021 to 2023, by generation [Graph]. In Statista. Retrieved December 08, 2024, from https://www.statista.com/statistics/1260258/home-buyers-looking-for-for-newly-built-home-by-generation-usa/
National Association of Home Builders. "Share of adults who are looking to buy a newly-built home in the United States from 2021 to 2023, by generation." Chart. July 11, 2023. Statista. Accessed December 08, 2024. https://www.statista.com/statistics/1260258/home-buyers-looking-for-for-newly-built-home-by-generation-usa/
National Association of Home Builders. (2023). Share of adults who are looking to buy a newly-built home in the United States from 2021 to 2023, by generation. Statista. Statista Inc.. Accessed: December 08, 2024. https://www.statista.com/statistics/1260258/home-buyers-looking-for-for-newly-built-home-by-generation-usa/
National Association of Home Builders. "Share of Adults Who Are Looking to Buy a Newly-built Home in The United States from 2021 to 2023, by Generation." Statista, Statista Inc., 11 Jul 2023, https://www.statista.com/statistics/1260258/home-buyers-looking-for-for-newly-built-home-by-generation-usa/
National Association of Home Builders, Share of adults who are looking to buy a newly-built home in the United States from 2021 to 2023, by generation Statista, https://www.statista.com/statistics/1260258/home-buyers-looking-for-for-newly-built-home-by-generation-usa/ (last visited December 08, 2024)
Share of adults who are looking to buy a newly-built home in the United States from 2021 to 2023, by generation [Graph], National Association of Home Builders, July 11, 2023. [Online]. Available: https://www.statista.com/statistics/1260258/home-buyers-looking-for-for-newly-built-home-by-generation-usa/