A Major Shift in Housing Demand is Underway

In the years during and since the Financial Crisis and Great Recession, new household formation slowed dramatically as young adults remained living with parents and fewer people immigrated into the U.S. From 2008 through 2010, only 509,000 net new households were formed on average, but from 2011 on that figure increased to nearly 1.2 million households per year – the long-run average going back to 1990. The number of households headed by someone 50 or older has grown the fastest as the overall population ages, but the number of younger households has also been increasing in recent years. Most new households being formed are renter households.

Read more about the outlook for household formation at: http://rismedia.com/2016-01-27/a-major-shift-in-housing-demand-is-currently-underway/