Millennials are Moving Out of Basements and Into Apartments

Julie C. Nichols General

Filling up a home with stuff underpins consumer spending

Reblogged from: Bloomberg – Victoria Stilwell

After shacking up with family or friends for the past few years, millennials finally seem to be striking out on their own.

The number of households grew by 1.48 million in the first quarter from a year earlier, following a 1.66 million increase in the final three months of 2014, according to data released Tuesday by the Census Bureau. While the numbers can be volatile, it marks the fastest back-to-back gains in household formation since the second half of 2005.

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