American Millennials Are Moving Up and Out
More millennials are finding a place to call their own. What’s more, the number of U.S. households grew by 1.48 million in the first quarter of this year, following a 1.66 million increase in the last quarter of 2014. This marks the housing market’s sharpest gains in nearly 10 years and is yet another sign that the sector is re-emerging as an engine of economic growth. At HUD, we are working hard to create more opportunities for millennials — and all Americans — by making homeownership more affordable and expanding the nation’s supply of affordable rental housing.