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In January, overall buying activity registered at 52 in the National Association of Realtors' Buyer Traffic Index, down 17 points annually, and essentially flat from the previous month.
Compared to any other age group, Younger Boomers bought the most multigenerational homes
Based on employment data analysis, a new report forecasts new construction activity in the U.S. for 2019 through 2028. In March, construction jobs were the fourth biggest source of employment growth in the nation.
The Silent Generation, aged 73 to 93 years, was the smallest homebuying age cohort in 2018, with a seven percent market share. These buyers are most likely to buy a home to be closer to friends and family.
Millennials beat out Boomers as the largest homebuying cohort, according to a recent report, but Boomers remain the largest generation of home sellers
Older Baby Boomers were the most satisfied homebuyers in a new demographic study of generational buyer trends. Older Boomers accounted for the second-largest share of home sellers in 2018 (22 percent).
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