AHBA Weekly
January 29, 2018
CALENDAR 

BOARD OF DIRECTORS
February 1 at 10 a.m.
AHBA office

ASHBA LEGISLATIVE FLY-IN
February 5-7 in Juneau, AK
 
HOME SHOW COMMITTEE
February 8 at 12 p.m.
AHBA office  
 
ASSOCIATES COMMITTEE
February 13 at 12 p.m.
AHBA office  
 
JOINT COUNCIL  
February 14 at 12 p.m.
AHBA office  
 
MEMBERSHIP COMMITTEE
February 20 at 12 p.m.
AHBA office  
 
SPAGHETTI SAUCE OFF
Endowment Fundraiser
February 21 from 6 to 9 p.m.  
Admiral's Place - 9350 Independence Drive
See flyer below! 

LUNCH & LEARN: Better Business Bureau
February 22 at 12 p.m.
AHBA office

To attend please call 522-3605 !

In This Issue
2018 AHBA Events
 

Legislative Fly-In: February 5-7

Spaghetti Sauce Off: Endowment Fundraiser: February 21 at Admiral's Place 

Anchorage Home Show: April 13-15 at Alaska Airlines Center

Spring Preview of Homes: April 21 & 22

Poker Tournament: May 4 at AHBA

Golf Tournament: July 19 at Anchorage Golf Course

Parade of Homes: September 8 & 9

Economic Summit: September 13 at Dena'ina Center

Parade of Homes Banquet: September 21 at TBD 

Christmas Party: December 14 at 49th State Brewing Company
 

If you have any questions regarding event dates call 522-3605.
 
 
    
 
               
 
    
      
  WHAT MILLENNIAL HOME BUYERS WANT 
 
 
It's all about location, location, location - with a dash or two of compromise - as millennials, the nation's largest demographic group at 90 million strong, is poised to dominate the home buying market.

Two market researchers - who happen to be millennials themselves - offered insight into their generation in Two Millennials Tell All, an education session offered Jan. 10 during the NAHB International Builders' Show in Orlando.
 
While generalities about this group may ring true: This generation prefers experiences over things and likes to "collect moments" rather than sets of good china place settings, there's actually much more diversity than many people realize, said Ali Wolf, manager of housing economics for California-based Meyers Research LLC.
 
For one thing, 43% of millennials aren't white, don't solidly identify as either "traditionals" or "trailblazers" and, because they now range in age from 17 to 37, have incomes across the economic spectrum.
And as NAHB Economics own research has indicated, a surprising majority of millennials aren't necessarily interested in urban spaces, but still want a single-family home with a yard. The challenge for home builders is to create a product that this generation wants but that can still afford as first-time buyers, the presenters said. In fact, 21 percent of millennials surveyed said they haven't bought a home yet because they can't afford one, period.
 
One solution: Understand that millennials are willing to compromise. They'll sacrifice some space in exchange for more luxurious finishes, like quartz countertops. Good design is important to this generation.
 
Flexible spaces are important as well. Make sure that the dining area is large enough for a large gathering of friends and family for Thanksgiving and other special dinners, but easily converted into a workspace or studio for the rest of the year.
 
Three/two still rules. A home with three bedrooms and two bathrooms is the most preferred, and 1,000 square feet is the minimum. That third bedroom can be a loft area or study nook if space is at a premium, however.
 
Attendees with a paid full registration to IBS also get a complimentary 1-year subscription to IBS Education on Demand and can download recording and handouts to Two Millennials Tell All: Deconstructing Today's First-Time Buyers & Their Design Preferences and other sessions. Visit BuildersShow.com/ondemand to learn more.
                                      
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