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November 1, 2022 10 minutes

How the US Home and Home-Improvement Market Can Target Millennials

Primary Analyst: Coresight Research
Contributors
Primary Analyst: Coresight Research
Other Contributors:
Royce Baretto, Analyst
Deep Dive

What's Inside

Despite lagging in homeownership rates, US millennials have dominated homebuying since 2019. We analyze the country’s largest demographic, providing insights into how home-furnishings and home-improvement retailers can target this age group.  

Data in this report include: 

  • Home furniture and décor purchases in the last three months, as of September 2022, by age
  • Consumer plans to purchase home and home-improvement products in the coming three months, as of September 2022, by age
  • Preferences for future home-improvement activity type, by age
  • Preferred mode for shopping for home furnishings and home-improvement products, by age
  • Percentages of millennials who rent vs. own compared to other age groups

Companies mentioned in this report include: Home Depot, La-Z-Boy, Lowe’s, Wayfair, Williams-Sonoma 

Other relevant research:  

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This document was generated for

Macro Economics The Consumer Home and Home-Improvement

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