A new article from Business Insider collects some of the most recent housing data, based on analysis by Deutsche Bank, that highlights some interesting and promising signs for the housing market.
America’s demographics and the aftermath of the Great Recession have led to a large reservoir of potential housing demand. There are a huge number of younger millennials who are about to hit the prime years for going out and starting households.
In the wake of the Great Recession, lots of those millennials have been stuck either staying at home, or moving back in with their parents. As economic conditions improve, they will become more likely to strike out on their own:
That process of venturing out and forming new households may have already begun. There has been a spike recently in the rate of household formation. This trend could lead to a rapid increase in the demand for housing in the near future.
Meanwhile, consumers are feeling more optimistic and confident about the future of the housing market than they have in years.
