While Baby Boomers showed a preference in their early years for apartment living, their grown children are leaning toward the single-family home as their housing preference—whether renting or owning. A Fannie Mae report released July 1, 2015 showed that a rising number of people between the ages of 25 and 34 are occupying single-family homes.
In 2000, 50.9 percent of renters and 84.5 percent of homeowners in this age group lived in a single-family home. In 2013, those numbers increased to 52.4 and 88.9 percent, respectively. Not a huge leap, but the trend continues, according to the report, “Rent or Own, Young Adults Still Prefer Single-Family Homes”.