On this blog, we talk quite a bit about the ways that millennials are impacting the future and present state of the housing industry. Recently we discussed how their living in apartments with roommates is effecting the buying and selling of homes across the country. We also have discussed the ways that the specifics of their employment choices will, and has played into the distribution of, housing across demographics.
But it would appear that millennials’ buying behavior is influencing the market more than many industry professionals forecasted. According to a recent report from PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI), it is becoming more evident that millennials would rather borrow than purchase new.