Deep Dive 10 minutes PremiumHow the US Home and Home-Improvement Market Can Target Millennials Coresight Research November 1, 2022 What's InsideDespite 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: Market Outlook: US Home-Improvement Retailing —Personalization and the Resurrection of In-Store Retailing Read our complete coverage of the home and home-improvement sector. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: AWS Summit, New York, 2023: Amazon Introduces Generative AI InnovationsRetail Shrink and ORC: Losing Inventory, Losing Customers—US Consumers’ Response to TheftKroger and Albertsons To Divest 413 Stores to C&S Wholesale Grocers in a $1.9 Billion DealMarch 2023 US Housing Market Indicators: All Home Sales See a Sudden Monthly Rise
