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Millennials are buying homes at a lower rate than generations before, with high housing prices, the lack of entry-level homes, and the dearth of new builds particularly impacting millennials.

Susan wachterDomonic purvianceFreddie mac primary mortgage marketUniversity of pennsylvaniaLouis federal reserve bankPew research groupAtlanta federal reserve bank home ownership affordabilityCensus bureau survey of constructionFederal reserve bankUs census bureau housing vacancy surveyAtlanta centerCensus bureau current populationUs bureau of labor statisticsFederal reserveUniversity of minnesotaBureau of economic analysis