Millennial Area Building Conditions

Published

Beginning with the third quarter of 2019, NAHB classified the top quartile of counties in the U.S. based on the share of Millennials. These are counties with 26% or more of local population consisting of Millennials. NAHB tracked single-family and multifamily growth rates (not seasonally adjusted) and market shares for these areas, as well as the remaining 75% of counties.

Millennial Areas

Total population 202,280,704; 61.8% of total U.S. population

  • 58.9% of single-family construction for 4Q19
  • -8.0% single-family quarterly growth rate for the 4Q19
  • 11.3% single-family year-over-year growth rate (4Q19 vs 4Q18)
  • 0.5% single-family 4-quarter MA of the year-over-year growth rate
Map of Millenial Counties
  • 78.2% of multifamily construction for 4Q19
  • 5.0% multifamily quarterly growth rate for the 4Q19
  • 8.5% multifamily year-over year growth rate (4Q19 vs 4Q18)
  • 7.2% multifamily 4-quarter MA of the year-over-year growth rate