Approximately 25% of today’s households with children are demanding condos and urban townhouses, a shift from the nearly zero percent of families who sought out those options previously. The construction of rental apartments is at its highest level in 25 years. But the good news is, these units are getting rented with absorption at its fastest pace in a decade.
The two biggest segments influencing multi-family housing design today are Baby Boomers and Generation Y/Millennials. Generation Y, Millennials and Echo-Boomers are the 20-something year olds who have bridged a generational gap that will truly shape how new development occurs throughout America cities during the next few decades.
How does this affect the flooring market? Gen Y’ers are looking for:
• Interconnectedness & mobility
• Smaller units with big tech
• Common spaces like roof decks or event rooms
• Accommodation for furry friends
Everybody caters to echo boomer tastes. Their sheer size deserves attention and can’t be underestimated. There are 72 million Echo Boomers ages 18 – 29 in the US today! These multi-tasking younger professionals crave interconnectedness and mobility, value the most up-to-date communications devices so they can operate from just about anywhere and downplay physical space as well as privacy.
Vinyl flooring has proven to be the perfect match for these savvy consumers. It meets all of their needs at an affordable price point. (article Courtesy of IVC Flooring).
This wonderful Flooring can be seen & purchased through Top Joy Flooring. Call River today at +86 021 39982788 to set-up an
appointment for a complimentary measure and / or Interior Design consultation.
Post time: Oct-30-2015