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Household formation and the great recession

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  • Timothy Dunne

Abstract

During the Great Recession, the rate at which Americans formed households fell sharply. Though the rate has recently picked up, it isn?t fast enough to make up for the shortfall in household formation that occurred over the last several years. An analysis of recent household formation patterns shows that the greatest shortfall occurred among young adults and that it is related to weak economic conditions. Housing choices have shifted as well, with a greater proportion of young households living in rental housing rather than owner-occupied homes.

Suggested Citation

  • Timothy Dunne, 2012. "Household formation and the great recession," Economic Commentary, Federal Reserve Bank of Cleveland, issue Aug.
    • Handle: RePEc:fip:fedcec:y:2012:i:aug23:n:2012-12
    DOI: 10.26509/frbc-ec-201212
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    Cited by:

    1. Newman, Sandra & Holupka, Scott & Ross, Stephen L., 2018. "There's no place like home: Racial disparities in household formation in the 2000s," Journal of Housing Economics, Elsevier, vol. 40(C), pages 142-156.
    2. Richard Preetz & Julius Greifenberg & Julika Hülsemann & Andreas Filser, 2022. "Moving Back to the Parental Home in Times of COVID-19: Consequences for Students’ Life Satisfaction," IJERPH, MDPI, vol. 19(17), pages 1-13, August.

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