“Now there are apps you can have on your smartphone that allow you to control home temperature, or from a security standpoint, you can monitor camera from your phone,” Walsh said. “Another thing younger buyers are looking for is “flex” space that can be used for multiple purposes, providing them the ability to change their living space as their lifestyle needs evolve.”
He added, “Younger buyers who are used to, and enjoy, apartment-style living are now also surprisingly looking for one-floor homes, a trend that we were formerly seeing with older generations.”
NAHB noted that Generation Y buyers also favor media and game rooms more than any other specialty rooms for their next home. New homes today not only contain these spaces, they are outfitted with the state-of-the-art electronic and wiring components that can accommodate high-definition televisions, full-house sound systems, hard-wired fire and security alarms and more.
Young buyers can connect with many of the new designs and features being included in homes built by NAHB members at its social media communities and website, nahb.org.
“The time has never been better for young people to become home owners, whether it be a new home or existing,” says Judson. “There are outstanding opportunities in the current market, with near record low interest rates, competitive prices and new homes being built that include open layouts, energy efficient components and other features that cater to young buyers.”
