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.
FULL STORY: Millennials may be about to move out
'Millennial Livability' Takes Shape in Suburban Inland Empire
The Inland Empire's housing boom and economic growth are attracting plenty of new residents—especially millennials.
Five Key Statistics for Understanding Millennial Households
There has been a lot of speculation about the motivations of Millennials as they enter the workforce and the real estate market. The Pew Research Center starts with the facts.
More Young Americans Living With Their Parents Than Any Year Since 1940
The highest share of young Americans living with their parents hit a record high of 40.9 percent in 1940. In 2016, the share falls just short of that figure, at 40 percent.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?
Cal Fire Chatbot Fails to Answer Basic Questions
An AI chatbot designed to provide information about wildfires can’t answer questions about evacuation orders, among other problems.
What Happens if Trump Kills Section 8?
The Trump admin aims to slash federal rental aid by nearly half and shift distribution to states. Experts warn this could spike homelessness and destabilize communities nationwide.
Sean Duffy Targets Rainbow Crosswalks in Road Safety Efforts
Despite evidence that colorful crosswalks actually improve intersection safety — and the lack of almost any crosswalks at all on the nation’s most dangerous arterial roads — U.S. Transportation Secretary Duffy is calling on states to remove them.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Appalachian Highlands Housing Partners
Gallatin County Department of Planning & Community Development
Heyer Gruel & Associates PA
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie