I'm seeing so many millennials do this because of these reasons.

Reasons, there are not a lot more building on the market than you would expect.Below is an article I came across that may give you some more insight about what is going on in the area.http://www.nbcphiladelphia.com/news/local/Millennials-Drawn-to-Northwest-Philly-But-Will-They-Stay-259816701.htmlGood Luck

According to the Furture Workplace 91% percent of Millennials (born between 1977-1997) expect to stay in a job for less than three years.  

I think that for many of us, property represents a physical constraint that imposes on our freedom to move from city to city or country to country in many cases.On the other hand, the financials of home ownership are so clearly stacked in favor of owning vs renting, that Millennials want to own for THAT reason.  

According to a recent study done by Trulia, they stated that Colorado Springs is the fastest growing city for millennials.

Millennials getting more positive about homebuyingRealtor.com: More looking to buy, sales upTrey GarrisonJune 25, 2015 Millennials have become more positive when it comes to taking the plunge into home ownership and are primed to gain market share in the second half of the year, according to the results of realtor.com’s consumer behavior survey of more than 12,000 respondents conducted from Jan. 1, 2015 to June 15, 2015.

It is the nations top spot for millennials and that trend just got started.

This week, Fannie Mae found that millennials favor living in single-family homes.

How else does a millennial get ahead in this economy!?

Even if there is increased rental demand in your market (more on that in Point 6), if you're in a high rent area, the data is showing that more and more millennials, young families, and young retirees are moving to the suburbs, for a lower cost of living, safer areas, better schools, and job growth.