Monday, April 18, 2016

Two-thirds of Home Buyers Seek Single-Story Living

Most home buyers apparently aren’t afraid of doing a little yard work. The majority – regardless of age – say they’d prefer a single-family detached home. A much smaller group of buyers have a preference for townhouses, attached homes, multifamily apartments or condos.

The findings come from National Association of Home Builder’s 2015 study Housing Preferences of the Boomer Generation: How They Compare to Other Home Buyers; other National Association of Home Builders studies also show preferences for home size and community amenities.

A recent Eye on Housing post also noted preferences for home layout. Sixty-four percent of all buyers want a single-story home, but that figure is largely driven by seniors and baby boomers. Less than half of Gen Xers and barely a third of millennials are interested single-story living.

However, the majority of home buyers in each generation can still agree on one thing: lugging laundry to and from the basement is a hassle. Most want the laundry room on the first floor.

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