The average-sized household continues to shrink despite an increase in adults sharing a home, more so than in previous decades. This new trend is causing an increased demand for smaller homes, as U.S. homebuyers prioritize practicality.
There are multiple reasons for this paradox: The number of adult children living with their parents is rising; divorce rates have decreased, so more married couples are living together. Additionally, the number of children per household is lessening and the number of seniors is increasing, with many of them living alone.
According to John Burns Researching and Consulting, since 2010, the average household has shrunk from 2.54 to 2.42 people. As the average-sized household continues to shrink, the need for smaller homes in the U.S. market is rising.
