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Student Loan Debt Looming as Affordability Constraints Stretch Further

July 13, 2023 by Alan Ratner

Given a combination of the recent increase in mortgage rates and a reacceleration in home prices over the last three months, the current P&I payment on an average new home stands at roughly $3,000 per month – up nearly 70% from two years ago and 25% above trend line...

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affordability homeownership millennials mortgage rates student debt

Is the 2021 Baby Bump Temporary or Shift in Direction?

February 10, 2022 by Dennis McGill

In 2020, national births plunged 3.6%, the largest decline since 1972, attributable to slowing young adult population growth and a historic low in fertility rates. Given the lagging effect of the pandemic and concerns about the recessionary drag on planned births, as part of our Cradle to Grave thematic report, we forecasted births to decline another 2.8% in 2021. It turns out, it is likely that births increased for the first time since 2014.

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demographics millennials

Will Media Narrative Surrounding Homeownership Declines Embolden Already-Aggressive Built-for-Rent Developers?

November 18, 2021 by Alan Ratner

In recent weeks, a number of media headlines have pointed to a “plummeting" interest in homeownership as a by-product of the pandemic, seemingly justifying the massive push towards purpose-built single-family rental communities as households seek out the flexibility of renting along with the benefits of the single-family lifestyle. The narrative...

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build-for-rent homeownership macro housing millennials single-family rental

Which Mortgage Lenders Are Attracting Young Borrowers? You Might Be Surprised

November 10, 2020 by Ivy Zelman, Dennis McGill & Kevin Kaczmarek

Some mortgage lenders emphasize the benefit of capturing “customers for life”, whereby they attract younger, often first-time homebuyers as borrowers, retain servicing rights and, ideally, complete one or more future originations from that same borrower. While many lenders tout their technology...

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homeownership millennials mortgage mortgage rates

Young Adults Living at Home Still Stuck Near Record Highs

October 04, 2019 by Zelman & Associates

A central theme of the current housing recovery has been an elevated share of young adults living at home with their parents or grandparents, which has hindered household formation and downstream housing demand. According to the latest Annual ...

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demographics millennials

As Young Adult Population Growth Slows, Which States are Relative Winners?

June 28, 2019 by Zelman & Associates

As detailed last December, national population growth for the year ended July 2018 was just 0.62%, modestly softer than 0.64% in the previous year and the weakest annual expansion since 1945. Contrary ...

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demographics millennials

What Exactly are Young Adults Living at Home Up To?

April 05, 2019 by Zelman & Associates

Approximately 34% of young adults are living in their parents’ home, more than at any point over the last 50-plus years, which has remarkable consequences for housing demand. While this fact is well understood and has spawned many questions ...

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demographics millennials

Is Your State Winning or Losing Among Millennial, Baby Boomer Movers?

March 22, 2019 by Zelman & Associates

In February, we analyzed state-to-state migration patterns of 25-29 year old households – the heart of the Millennial generation – showing that the catalyst to bring a young adult to a state often differs from ...

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baby boomers demographics millennials

30-Year Olds: Still Acting Young or Growing Up?

March 22, 2019 by Zelman & Associates

In 2007, 66.1% of 30-39 year old households lived in a single-family dwelling, inclusive of owned and rental homes. This was the peak of the decade, with the share dropping each of the next eight years as the Great Recession unfolded and aftereffects ...

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demographics millennials

What States are Magnets for Young Adults? You Might Be Surprised

February 22, 2019 by Zelman & Associates

As detailed last year, the strongest population growth of late according to the Census Bureau was in Nevada, Idaho, Utah, Arizona and Florida. Above-average growth in these states is likely not surprising ...

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demographics millennials