Generation Y—sometimes called Millennials—is an intriguing combination of optimistic and realistic: virtually all of them expect to eventually own a home, yet they do not necessarily consider housing an investment. Based on a nationwide survey, this publication reports on Gen Y's housing preferences and needs, providing valuable insights for those who need to understand this generation's expectations for housing and community. It focuses on how the Great Recession impacted young people's views of housing and examines their current living situations.