Out of the basement and into a homeWASHINGTON – Nov. 20, 2017 – A few years ago, I wrote, "The economy will one day improve, and the millennials will move out of their parents' basements. When that happens, expect to see homeownership rates move back higher." That day has arrived. Millennials are forming new households, moving to the suburbs, buying furnishings and SUVs. According to Zillow Group data, people aged 18 to 34 have become the nation's largest group of homebuyers.