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According to a recent study by the real estate investment firm Clarion Partners, if millennials were given $100,000 they would lean towards sinking the money into short-term investments as opposed to buying a house. Paying off debt including student loans was number two on their list. Using the cash for a down payment on a house came in last.

The new data on millennial attitudes is part of a broader study in U.S. rental property demand. About 65 percent of Americans own their homes. The rest either rent apartments or single-family homes. The property industry expects the number of U.S. renter households to increase by about a half million people a year during the next seven years.

While Dallas-area homes sell for much lower prices than in other big-city U.S. markets on the West and East Coasts, median home sales prices in this area have gone up by more than 40 percent in the last five years, outstripping wage increases.

And with 250 people a day moving to the Dallas-Fort Worth area, most of the newcomers are young workers who land in apartments, not single-family homes. "America is becoming a nation of renters," Clarion Partners' new report says. "Unlike previous generations, though, home ownership doesn't seem to be a priority for millennials." That's good news for North Texas apartment builders, who have the largest new supply of units in the country on the way during the next couple of years.

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