Sentences with phrase «multigenerational households rose»
The number of multigenerational households rose to an all - time high of 20 percent — or 64 million — of the U.S. population in 2016.
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While rising rents and lack of inventory might nudge renters into buying a home, National Association of Realtors ® Chief Economist Lawrence Yun points out that tight credit standards, student debt, and the growth of multigenerational households are contributing to the lowest number of first - time home buyers in decades (as shown in the 2014 NAR Profile of Home Buyers and Sellers).