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Tuesday, June 4, 2013

Features Generation Y Homebuyers Favor

By: Tory Barringer, DSNews.com

As National Homeownership Month kicks off, the National Association of Home Builders (NAHB) is taking a look at the features today’s young homebuyers want most and how builders are adapting to those needs.

“As the economy recovers and young people who had to live at home with their parents move forward with their lives and achieve their dreams of homeownership, home builders are delivering homes that cater to the floor plans, features and affordability that this generation desires,” said NAHB chairman Rick Judson, a homebuilder and developer from Charlotte, North Carolina.

According to the association’s 2012 consumer preference survey, more than 80 percent of Generation Y homebuyers (people born in 1977 or later) prefer a highly energy-efficient home over a lower-priced home without energy-efficient features, preferring to save instead on utility costs.

To meet this need, builders are now constructing homes with ENERGY STAR-rated appliances; windows, doors, and insulation that help control the home’s climate; and other modern components such as tankless water heaters and heating, ventilation, and air conditioning (HVAC) systems that help save energy costs.


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