According to new research from CBRE, the average age of U.S. adults at their first marriages has risen to historical highs. From 1960 to 2018, the average rose seven years for both men and women. Over the past 10 years alone, the average climbed by two years. In 2018, the average age was 29.8 years for men and 27.8 for women.
Marriage is closely associated with homebuying, and delays in the former are contributing to delays in the latter. Later marriages are keeping younger adults in rental housing longer and has contributed to the high multifamily demand in recent years, reports CBRE.
Married couples are far more likely to purchase a home than any other household type, making up 66% of homebuyers across all age categories, according to the 2018 Home Buyers and Sellers Generational Trends Report published by the National Association of Realtors.