Who Are Your Homebuyers?

New analysis from Pew Research found that Millennials are projected to become the largest living adult generation in the country in 2019, and that a record number of American households are multigenerational.

Millennials, aged 22 to 37 years old in 2018, are expected to outstrip the number of Baby Boomers, 74 million, next year. This group is already the biggest generation in the U.S. labor force, and will soon equal or surpass Boomers in voting eligibility, Pew Research says. Meanwhile, 20 percent of the country's population lived in multigenerational households in 2016, and young adults were found to be the most likely age group to live in such a household.

Meanwhile, 78.6 million adults, or about 32 percent of the U.S. adult population, were part of a shared household in 2017, reflecting another increasingly common living arrangement. A shared household is a household with at least one adult who is not the household head, the spouse or unmarried partner of the head, or an 18- to 24-year-old student. (Most multigenerational households are also shared households.)

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