First-time homebuyers accounted for 32% of homebuilders' net sales this year, despite a turbulent housing market and high mortgage rates, according to John Burns Research & Consulting. Many are opting for smaller spaces, fixer-uppers, or new single-family homes. The tiny-home movement is also gaining traction, with the Global Tiny Homes Market experiencing significant growth. Additionally, intergenerational financial support is increasing. This news comes as Lennar Corporation (NYSE:LEN), a leading homebuilder, reported Q3 beats on earnings and revenue, with a 37% gain in new home orders.