Over the years, we have been keeping an eye on the so-called ‘millennial’ generation in the United States – Individuals who have a birth date between the 1981 and 2000, whom are now between the age of 16 and 35. Over time, we have gained more information as these individuals progress through school and start to make their way into careers. The oldest among this group are now well into their mid-thirties, and many are considering a home purchase..

In a recent study by Fannie Mae Economic & Strategic Research Housing Insights, cohort analysis is applied to the American Community Survey (ACS) to analyze young adult home ownership rate change for both age groups and birth cohorts  The study divides recent history into three distinct periods: 1) the end of the 2000s housing and economic expansion (2006-2008); 2) the housing market collapse (2008-2010 and 2010-2012); and 3) the early housing recovery (2012-2014).