Baby Boomers, millennials desire same type of housingBaby Boomers, millennials desire same type of housinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=8252015-06-05T10:33:00Z2015-06-05T09:00:00Z

HOUSTON - On the surface, Baby Boomers and Millennials couldn’t be any more different.

The former, born between 1946 and 1964, grew up during the the Cold War and space travel.

The latter, born between the early 1980s and late 1990s, grew up with the Internet, terrorist attacks and the Great Recession.

Houston home builders, apartment developers and architects have founds that what appeals to Millennials actually also appeal to Baby Boomers.

They both want to live in apartments, smaller homes and mixed-use communities where they can walk to live, work and play.

As a result, Baby Boomers and Millennials — the two largest demographics nationally — are now driving a transformation in Houston’s housing market.

Many empty-nesters are downsizing from large suburban homes and moving into luxury apartments that have the same high-quality finishes as their single-family homes but have the added amenities and conveniences of modern apartments.

Often, these apartments are located in dense, mixed-use communities where residents can walk to restaurants, shops and entertainment.

“What’s attractive to Millennials is also attractive to the active adult buyer,” said Scott Davis, regional director for Metrostudy Corp’s Houston office, a single-family housing research firm.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/morning_call/2015/06/what-houston-millennials-and-baby-boomers-have-in.htmlRead more at {Source}

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