Headship Rates Indicate 2.4M Missing Millennial Households


Posted To: MND NewsWire

Recently the National Association of Home Builders (NAHB) released a study, based on census data, showing an increasing percentage of young adults, about a third of those in the Millennial generation, living with parents, other relatives, or with unrelated house- or roommates. A second part of that study looks at the correlating rates of homeownership and where both those sharing living quarters and those aged 24 to 35 who have moved out on their own tend to be located. NAHB’s Natalia Siniavskaia says only 40 percent of those in that age group led their own households in 2016, the last year for which data is available, compared to 46 percent in both 1990 and 2000. As she pointed out in her previous post in NAHB’s Eye on Housing blog, the percentage of young adults living with others remained…(read more)

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