Young Adults Forming New Households

 Back in August, we identified young adults between 25-34 years old still living at home with their parents as a group that was about to enter the housing market. A recent Wall Street Journal article proves our thinking was correct. We have re-posted our original blog post and an update. – The KCM Crew 

UPDATE  

In a recent Wall Street Journal article, it was revealed that household formations dramatically increased the last 12 months:

• Average Annual Formations during boom years – 1.25 million
• Average Annual Formations 2008-2011 – 650,000
• New Household Formations in last year – 1.15 million

As the article states:

 “Americans are setting up house at the fastest rate in more than six years, an indication that recession anxiety, which prompted adult children to move in with their parents and single people to postpone marriage, is starting to ease… Rising household formation, which is tied to employment growth, means more students are finding jobs when they leave college, more adult children are leaving their parents’ homes and more couples feel confident enough about the future to tie the knot.”

Continue reading this article at the link posted below.
 Young Adults Forming New Households