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.