Under 35: Living with Parents vs. Homeownership Rate

Calculated Risk has posted an interesting graph by economist Tom Lawler comparing the proportion of 24-34 year olds living at home to the under 35 year old homeownership rate, commenting that, “.  .  . There is a clear inverse relationship, and this suggests some pent up demand for housing units when the employment picture improves (although the demand could be for rental units).”

 

 

 

 

Sources: ASEC March Supplement to Current Population Survey for % living with parents (note sample size, other aspects of survey not constant over time); Housing Vacancy Survey for homeownership rate (note HVS homeownership rate has exceeded Decennial Census AND American Community Survey estimates)

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