General World News

Millennials are finally defying one of the economy’s most troubling trends


For a long time, millennials held to the stereotype of living in their parents’ basements.

Whether young people were wracked with student debt or just choosing to save for retirement, many were shying away from buying homes.

The 18-to-35-year-old generation boasts the highest rate of living with parents compared to any previous generation.

But that trend may finally be changing, according to the CEO of one of the largest homebuilders in the country.

KB Homes CEO Jeffrey Mezger said in his company’s earnings call on Tuesday that first-time home buyers and young people are beginning to enter the market. Here’s Mezger read more >>>

Source:: BusinessInsider.Com