Daily Digit: Why are millennials still living with their parents?

Daily Digit is the story behind the numbers that make our world work. Today we’re looking at millennials who still live at home. A little more than 26 percent of millennials ages 25-34 are still living at home with their parents, up from 15.3 percent in 2000, according to the National Association of Home Builders. And while 42 percent of millennials are already homeowners, 68 percent of them regret buying. The reason is largely based on increased housing costs, debt, and stagnant wages. The median price for a home has increased 40 percent, from $232,100 in 2008 to $323,000 last year. This is more than double the 17 percent rate of inflation. But despite these challenges, 56 percent of millennials say they want to purchase a home.