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Friday, December 10, 2010

Under 35: Living with Parents vs. Homeownership rate

by Calculated Risk on 12/10/2010 03:52:00 PM

This interesting graph is from economist Tom Lawler comparing the percent of 24-34 year olds living at home vs. the under 35 year old homeownership rate ...

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).

Living with Parents No larger image.
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)