The historically large percentage of young adults living with their parents is starting to decline due to economic expansion.
Note: Unmarried college students living in dormitories are counted as living in their parents’ home.
Source: Marcus and Millichap, The Apartment Outlook, Midyear 2018
The largest declines in homeownership are among the youngest cohorts exhibiting their high propensity to rent.
Source: BTIG Equity Research, October 4, 2018
The nation’s homeownership rate is historically low producing record numbers of renter households.
Source: Federal Reserve Bank of St. Louis, Economic Research Division, as of April 2018.
Projections call for a decline in the homewonership rate through 2030.
Source: NMHC, A Forward Look, May 2017.
Rising home prices challenge any increases in homeownership.
Source: Federal Reserve Bank of St. Louis, Economic Research Division, as of July 2018.
Rising home prices have made owning less affordable than renting.
* Monthly payment on median-priced house minus median apartment rent.