How Single Buyers Are Affecting The Construction Industry
Published on November 7, 2019 by Sara Chauvette
The 2017 Census Bureau found that more than 120 million U.S. citizens, 48% of adults 18 and older, are divorced, widowed, or never married. That is a huge change from 1970 when 39 million adults, only 29%, were single. Baby boomers divorced at nearly double the rate of previous generations between 1990 & 2015. Perhaps as a result of the older generation’s divorce rate, Gen Xers and millennials are forgoing marriage altogether. Only about 20% of 18-29 year olds are married compared to 60% of the same age group in 1960. Experts believe the single home buyer trend will continue to grow over the coming years.