• A total of 2.5 million households dissolved within months of the pandemic’s onset in 2020. This was largely driven by young adults moving back in with family – at one point in 2020, over 75% of all Gen Z adults were living with a parent.
• However, this trend was short lived, and by the late 2021 the total number of households in the U.S. exceeded the pre-pandemic level by 2.3 million, as young folks moved back out on their own and roommate households broke apart.
• This rapid household formation has placed historic strain on the nation’s housing supply, driving up the price of rent (+14% YoY) and homeownership (+20% YoY) and playing a central role in driving inflation.

You can read the full report from ApartmentList.com here https://www.apartmentlist.com/research/more-than-two-million-households-dissolved-during-pandemic