Millennials’ Homeownership Aspirations Still Strong

Since the historic U.S. housing bust, there has been much speculation that millennials would lead a permanent shift away from homeownership. The latest U.S. Housing Confidence Survey of 10,000 heads of household–3,095 of whom are of the millennial generation–confirm yet again that renter households headed by 18-34 year-olds continue to have a hearty appetite for homeownership.

Alas, mortgage loan officers don’t count confidence and aspirations as compensating factors for low savings, relatively slow income growth, or student loan obligations.