Share of prospective home buyers who prefer a new home 2021-2023, by generation

Published by Statista Research Department, Oct 1, 2024

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

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Source

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Release date

July 2023

Region

United States

Survey time period

June 2021, June 2022, and Jun 2023

Number of respondents

15,472*

Special properties

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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