[jltsiren]

I think there is enough evidence that millennials had a slower start than their parents. They were worse off by many important metrics (home ownership in particular) in their 20s, but they've largely caught up by 40. Younger generation X was impacted in the same way, which is why you don't see much change since the 2000s.

The number of homes built by decade was relatively flat from the 1950s to the 2000s. When you adjust for population, it becomes clear that housing construction has slowed down over time. When the supply of new housing becomes scarce, it tends to favor the highest bidders: large single-family homes and financialized schemes such as market-rate rental complexes.