About 54 percent of younger millennials (ages 23 to 31) bought a house in the United States in 2021 because they desired to have their own home compared to 35 percent of the older millennials. For the older generations, like the older boomers (ages 67 to 75) and the silent generation (ages 76 to 96), the main reason for purchasing homes in 2021 was to move closer to family, friends, and relatives.
Main reason for timing of home purchase in the United States in 2021, by generation
primary residence buyers; real estate purchased between July 2020 and June 2021
Method of interview
Online survey
Supplementary notes
2019 income.
Generation Z - 18 to 22 years
Younger Millennials - 23 to 31 years
Older Millennials - 32 to 41 years
Generation X - 42 to 56 years
Younger Boomers -57 to 66 years
Older Boomers -67 to 75 years
Silent Generation - 76 to 96 years
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National Association of Realtors. (March 23, 2022). Main reason for timing of home purchase in the United States in 2021, by generation [Graph]. In Statista. Retrieved May 25, 2022, from https://www.statista.com/statistics/448321/reason-for-timing-of-home-purchase-usa-by-generation/
National Association of Realtors. "Main reason for timing of home purchase in the United States in 2021, by generation." Chart. March 23, 2022. Statista. Accessed May 25, 2022. https://www.statista.com/statistics/448321/reason-for-timing-of-home-purchase-usa-by-generation/
National Association of Realtors. (2022). Main reason for timing of home purchase in the United States in 2021, by generation. Statista. Statista Inc.. Accessed: May 25, 2022. https://www.statista.com/statistics/448321/reason-for-timing-of-home-purchase-usa-by-generation/
National Association of Realtors. "Main Reason for Timing of Home Purchase in The United States in 2021, by Generation." Statista, Statista Inc., 23 Mar 2022, https://www.statista.com/statistics/448321/reason-for-timing-of-home-purchase-usa-by-generation/
National Association of Realtors, Main reason for timing of home purchase in the United States in 2021, by generation Statista, https://www.statista.com/statistics/448321/reason-for-timing-of-home-purchase-usa-by-generation/ (last visited May 25, 2022)
