After 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 25 percent of Gen Zers were planning to purchase a home in the next 12 months as of June 2023. This was an increase from the same quarter in 2022 when 18 percent of Zoomers were planning a home purchase. As house prices and interest rates continue to rise, the fluctuation in homebuyer 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 2023
* 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 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 2023 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/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 2023." Chart. July 11, 2023. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1260224/share-of-gen-z-prospective-home-buyers-usa/
National Association of Home Builders. (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 2023. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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 2023." Statista, Statista Inc., 11 Jul 2023, https://www-statista-com.ezproxy.canberra.edu.au/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 2023 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1260224/share-of-gen-z-prospective-home-buyers-usa/ (last visited September 20, 2024)
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 2023 [Graph], National Association of Home Builders, July 11, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1260224/share-of-gen-z-prospective-home-buyers-usa/