The Kids Are All Right

May 2, 2012 at 1:52 pm Leave a comment

According to some recent reports from the US Census Department it seems that some “boomerang kids” are finally confident enough to fly the coop:

There were, according to the Census report, one million more U.S. households in the first quarter than a year earlier, marking the biggest increase since 2006. The upshot is that after years in which a weak economy kept household formation down—because people moved in with their parents, chose to have roommates rather than live alone, and so on—something is shifting.

That is good news for the economy, because it suggests people are optimistic enough to strike out on their own again and because an increase in households tends to lead to an increase in spending. It is also good news for mom, who will get her sewing room back again.


Entry filed under: Benchmarks, Economy, Housing Trends, Rent Rate, Vacancy Rate. Tags: , .

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