Study: Millennials Will Soon Boost the Housing Industry
Although the recession disrupted household creation by Millennials, a new study from Harvard University’s Joint Center for Housing Studies suggests the generation will soon start to create households in large, influential numbers.
"While the recession pushed young adults to move in with their parents, a study released Thursday suggests that the millennial generation is poised to move out in droves, lift the number of new households formed and maybe even transform the housing market," according to an article by Dina Elboghdady and Emily Badger.
"Harvard University’s Joint Center for Housing Studies projects that the millennials…will make up 24 million new households between 2015 and 2025, substantially boosting demand for rentals and starter homes."
The article goes on to discuss the many challenges Millennials will face as begin to form households and decide whether to rent or buy.
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Published on Thursday, June 26, 2014 in
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