This question is important for anyone committed to the goal of maximum employment, because it implicitly asks whether the best we can hope for, even in a healthy economy, is an unemployment rate significantly higher than what has been achieved in the past. For the Federal Reserve, the answer to this question has important implications for monetary policy.
It is also true that ownership rates shifted down between 2006 and 2011; we’ll know what happened in 2016 when the Census data come out in a few months. The 25–34 age group is typically seen as the core group of first home buyers.