Young Adults Living with Parents
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
Percentage Decline in Home Ownership Rate from Peak Quarter
The largest declines in homeownership are among the youngest cohorts exhibiting their high propensity to rent.
2000 – 2Q ’18 (by age group)
Source: BTIG Equity Research, October 4, 2018
Homeownership Rate
The nation’s homeownership rate is historically low producing record numbers of renter households.
1998-2018
Source: Federal Reserve Bank of St. Louis, Economic Research Division, as of April 2018.
Projected U.S. Homeownership Rate
Projections call for a decline in the homewonership rate through 2030.
2019-2030
Source: NMHC, A Forward Look, May 2017.
Case Schiller National Home Price Index
Rising home prices challenge any increases in homeownership.
Source: Federal Reserve Bank of St. Louis, Economic Research Division, as of July 2018.
Cost of Owning vs. Renting*
Rising home prices have made owning less affordable than renting.
* Monthly payment on median-priced house minus median apartment rent.
Source: NMHC, A Forward Look, May 2017.