Pandemic Silver Lining: Young Adults Moving Out of Parental Homes

By Natalia Siniavskaia
NAHB – Eye on Housing
January 19, 2024
Category: Finance & Economics
Region: United States

Despite record high inflation rates, rising interest rates, and worsening housing affordability, young adults continued the post-pandemic trend of moving out of parental homes in 2022. The share of young adults ages 25-34 living with parents or parents-in-law declined and now stands at 19.1%, according to NAHB’s analysis of the 2022 American Community Survey. This percentage is a decade low and a welcome continuation of the post-pandemic trend towards rising independent living by adults ages 25-34. Traditionally, young adults ages 25 to 34 make up around half of all first-time homebuyers. …The share of adults ages 25 to 34 living with parents reached a peak of 22% in 2017-2018. The current share of 19.1% translates into 8.5 million of young adults living in homes of their parents or parents-in-law.

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