There are more young adults living with their parents in 2015 than during the recession, a new report from the Census Bureau reveals.
Many economists expected young adults to move out once the job market recovered, housing expert and former chief economist at Trulia Jed Kolko was one of them. But as Kolko dives into Census data, he found that “The share of 18-34 year-olds living with parents was 31.5 percent in 2015, up from 31.4 percent in 2014.”
After looking at figures from various trends, such as when young adults today start creating families and levels of educational attainment, Kolko concludes “the increase in young adults living with parents over the past twenty years can be explained entirely by demographic changes.”
Advertisement
Related Stories
Build to Rent
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development
Sustainability
Which Green Building Practices Are Home Builders Using Most?
A recent report reveals which green-building practices are most popular among single-family home builders and remodelers
Market Data + Trends
Single-Family Permits Show Increase in February
Year-to-date ending in February, single-family permits were up in all four regions of the U.S.
