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The report found about half of Millennials and Gen Xers expect their next home to be larger, while approximately three-quarters of Baby Boomers and War Babies (members of the Silent Generation) expect their next home to be smaller or of equal size to their current home. Single-family detached homes are the preferred future housing choice for all generations, but the report reflects growing expectations for duplexes or townhouses, particularly among Millennials.
The report also indicated preferred community attributes, including:
• Environment (Including air and water quality) – 87 percent
• Access to Fresh, Healthy Food – 73 percent
• Green Space (Including parks) – 50+ percent
• Reduced Car Usage – 52 percent
• Pedestrian-Friendly Neighborhoods (Including sidewalks and crosswalks) – 50 percent
• Public Transportation – 32 percent
• Walkability – 20 percent
However, the report found that Americans face significant community barriers to these preferences. Many minorities and Millennials report living in areas that lack easy access to safe places for outdoor physical activity, active transportation systems such as bike lanes, healthy food options and safe walking conditions.
The disparity between what these groups want and what is available has presumably contributed to somewhat greater discontent with their quality of life than is expressed by Americans as a whole, the report concludes.
Source: ULI
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