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Tag: millennials

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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Filed Under | homeownershipmillennialsmortgagemortgage 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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Filed Under | demographicsmillennials

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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Filed Under | demographicsmillennials

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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Filed Under | demographicsmillennials

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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Filed Under | baby boomersdemographicsmillennials

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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Filed Under | demographicsmillennials

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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Filed Under | demographicsmillennials

As Consumer Debt Hits New Peak, It’s Not the Young Flashing Warning Signs

December 28, 2018 by Zelman & Associates

Once a quarter, the Federal Reserve Bank of New York releases data on household debt and credit, which is often referenced to understand total leverage across the consumer, including details across the major sources: mortgages, student debt, ...

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Filed Under | baby boomersmacro housingmillennials

Halfway Through 2018, Births Reverse Surprising Decline of 2017

November 30, 2018 by Zelman & Associates

In 2007, there were an estimated 4.32 million births, according to data from the Center for Disease Control, ranking as the largest annual total in the history of the country. Since that time, births have declined each year through 2017 aside ...

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Filed Under | demographicsmillennials

Want Your Adult Child to Move Out? Find Them Love

November 02, 2018 by Zelman & Associates

According to the American Community Survey (ACS) conducted by the Census Bureau, 14.2% of 25-34 year olds lived with their parents or grandparents in 2006. That ratio has increased every year since. The most significant annual increases were ...

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Filed Under | demographicsmillennials