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Millions of young adults who moved back with their parents this year could lead to an estimated $726 million in lost rent, according to a Zillow analysis, which noted that the ripple effects “could have far-reaching consequences for the housing market.”

Amid high U.S. unemployment in the coronavirus pandemic, the number of adults living in a parent’s or grandparent’s home grew by more than 2.7 million in March and April, said Zillow, adding that the vast majority of those who moved home — about 2.2 million — are from Generation Z and are between 18 and 25 years old.

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Christine Simmons

Christine Simmons writes about the New York legal community and the business of law. Email her at [email protected] and find her on Twitter @chlsimmons

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