America in 2013 Survey Findings Featured in Wall Street Journal

Courtesy of Federal Realty Investment Trust

Courtesy of Federal Realty Investment Trust

America in 2013, released during ULI’s Spring Meeting this week in San Diego, has been cited in a recent Wall Street Journal article, Is Generation Y a ‘Game Changer’ for Housing?”  ULI’s Infrastructure Initiative and Terwilliger Center for Housing collaborated on the nationwide survey which interviewed 1,202 adults.

Wall Street Journal reporter, Kris Hudson, writes:

ULI heralds Generation Y, with nearly 80 million members, as a potential “game changer” in the U.S. real estate market (they are also known as “millennials”). Of survey respondents in that age range, 59% said they prefer their neighborhood to have a variety of housing types; 62% favor mixed-use developments with shops, restaurants and offices; and 52% like pedestrian-friendly neighborhoods.

In addition, 55% of Generation Y respondents said close proximity of their home to public transportation is important. The survey found that Generation Y is more likely than older generations to live in apartments and in downtowns, with 54% favoring renting and 39% favoring city living.

Click here to read the full article.

To learn more about America in 2013: A ULI Survey of Views on Housing, Transportation and Community visit uli.org/communitysurvey.

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