More Young Americans Forming Households
OtherHousehold formation, which stagnated when recession kept many young Americans from leaving their parents’ home or forced others to return to them, is finally on the rise. The number of households increased 1.1 million in 2011 and nearly 1.2 million last year, underpinned by gradual labor market gains and steady economic improvement. RBS analyst Guy Berger remarks, “The rise in household formation bodes well for the housing recovery. Instead of having too many houses, we are turning to a situation where there aren’t enough.” The gains are being felt the […]
