The Minneapolis Fed's new metric turns 65% homeownership into just 53% (minneapolisfed.org)
The youth number moves even harder than the headline figure: under the old rate, 37% of adults under 35 count as homeowners; run the same population through the new formula and it drops to 22%, because a grown kid back in a parent's owned house no longer counts.
On Hacker News, one of the highest-karma voices in the thread pulled the Fed's own five-house example apart line by line, arguing the new formula quietly punishes multigenerational households for a choice, not a failure.
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