After 50 years of progressively smaller household sizes, a U.S. Census Bureau report says households grew larger between 2000 and 2010. The primary reason, according to the Census Bureau, was the faltering economy.
One recent study done by an Ohio State University professor reported that the number of adults between 19 and 29 living at home with parents increased from 25% in 1980 to nearly 35% in 2010. A larger number of immigrant households also helped to reverse the trend toward smaller households.
What does it mean? Finished basements, egress windows and extra baths can make a real difference when it comes to resale, especially in smaller homes. And once the economy does begin to improve, it's very likely that millions of younger Americans currently tucked away in spare bedrooms or finished basements will be looking for a place of their own.
