In a homebuyer sentiment survey by the National Association of Home Builders, 63% of those who stated they plan to buy a home in 2020 were first-time home buyers, a significant increase of ten percentage points from the year before. Of those most likely to buy a home, Millennials had a 19% share followed by Gen Z with 13%, and Gen X with 12%.
Aging Baby Boomers constituted only 5% of those planning to buy a home in 2020.