Main reason for timing of home purchase in the U.S. 2022, by generation
About 47 percent of younger millennials (ages 24 to 32) bought a house in the United States in 2022 because they desired to have their own home compared to 37 percent of the older millennials. For the older generations, like the older boomers (ages 68 to 76) and the silent generation (ages 77 to 97), the main reason for purchasing homes in 2022 was to move closer to family, friends, and relatives.
