One could call it Millennial interruptus, referring loosely to the generation's knack for putting things like household formation, home buying and moving to the suburbs on hold while they focus on careers in the cities.
That's the thought behind this analysis from William Smead, via Business Insider:
In a note Tuesday, William Smead CEO of Smead Capital Management, discussed why this lag among millennials could be responsible for the next housing boom.
He wrote that their move into "exile" — away from home and college towns — is only delaying what will eventually be a boost for new home construction....
We would argue that many Millennials have removed themselves from their hometown and their college town via their employment and the lateness of marriage. This contributes directly to Ivy’s "elongation." We find it easy to estimate that the current new homebuilding pace of 629,000 units in 2016 will grow to a 1.5 million unit run-rate within five years. This would truly be a boom and could carry the U.S. economy along with it.