Large job hubs in the United States such as New York City, Dallas, and Atlanta, will enjoy an upsurge in housing demand fueled by Millennials – the largest generation in U.S. history. However, not all types of housing will prosper.
“The biggest, most obvious way Millennials are impacting the residential real estate market is based on the sheer size of the cohort – it will create massive demand,” said Vincent Lefler, from JLL’s Capital Markets team in Atlanta. According to the U.S. Census Bureau, the Millennial population – at 75.4 million — overtook the number of baby boomers in 2015, and will reach its peak at 81.1 million in 2036. READ MORE