COVID-19 effect on U.S. homeownership plans 2020, by generation

Published by Statista Research Department, Aug 8, 2023
In a September 2020 survey among adults in the United States, many respondents said that the COVID-19 pandemic did not change their interest in buying a home. Millennials were most likely to have changed their homeownership plans: 28 percent of Millennials were more interested in buying a home due to the COVID-19 pandemic compared with nine percent of Baby Boomers.

In the United States, the 2020 homeownership rate reached 65.8 percent.

Effect of COVID-19 on homeownership plans of GenZers, Millennials, GenXers, and Baby Boomers in the United States in 2020

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Release date

September 2020

Region

United States

Survey time period

September 2020

Number of respondents

4,400 respondents

Age group

Adults

Method of interview

Online survey

Supplementary notes

Data were weighted to approximate a target sample of adults based on age, race/ethnicity, gender, educational attainment, and region. Results from the full survey have a margin of error of plus or minus 1 percentage points.

The original survey question was formulated as: "Has the COVID-19 pandemic (coronavirus) influenced your interest in buying a home in the future?"

This survey question's respondents were 271 GenZers (1997-2012), 737 millennials (1981-1996), 439 GenXers (1965-1980) and 375 Baby Boomers (1946-1964).

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