Final answer:
Millennials' preferences for smaller homes cannot be universally labeled as true or false since individual preferences differ. Historical housing trends show variations based on location and economic status, and modern factors such as affordability and sustainability influence present-day housing choices.
Step-by-step explanation:
It is not definitively true or false that Millennials prefer smaller homes with less space, as preferences can vary widely among individuals. Housing preferences are influenced by many factors including economic constraints, environmental concerns, and changing societal norms.
In historical context, housing has always presented challenges with varying configurations based on location and economic status. Single-family dwellings and apartment buildings were common in different regions, reflecting local cultural and economic factors. Today, concepts like tiny houses have emerged in response to a growing need for more affordable and sustainable living options.
Regarding living situations and generational change, the Pew Research Center noted contrasting patterns. For instance, 45% of Millennials were not living in a family setting by age 40, suggesting a shift from previous generations where only about a third lived outside of a traditional family structure at that age. This shift may also reflect changes in preferences for housing sizes and types among Millennials versus older generations.