More Younger People are Heading Households

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For the first time in a long time (pre-internet, even), the number of young people aged 25-34 heading households has increased.  The NAHB’s Eye on Housing recently crunched the numbers to show this trend’s reversal. They call it a “hopeful indicator” that may have reversed the recent trend of young people living with their parents, relatives and roommates.  Indeed…

“The 2018 uptick in headship rates is largely due to the declining share of young adults living with relatives (0.2 percentage point decline) and sharing housing with roommates, housemates and other nonrelatives (another 0.2 percentage point decline). Nevertheless, the current share of young adults living with relatives other than parents and sharing housing with non-relatives remained elevated, 5% and 7%, respectively.”

 

 

Click here to read the full report at the NAHB’s Eye on Housing.

 

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Director of Education & Outreach, National Real Estate Investors Association

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