With a U.S. housing uptick already in progress – seen in last month’s 6.4% jump from 2014 in the ground-breaking of new homes – a new article from Fortune outlines some interesting reasons why the housing market could get a major boost this year, specifically for single-family homes, and especially among first-time buyers.
Everyone sees that the zero interest rate party is coming to an end. If you’ve been waiting to borrow, it’s getting close to “now or never” time.
Demand is pent-up, and pent-up things eventually get un-pent, sometimes all at once. The number of people between ages 35 and 39 is critical to household formation, and we are currently seeing an uptick in this demographic category, back to prior peaks.
The notion that millennials want to stay home forever is not accurate. They’re ready to bust out, and rental prices are comparably high in several key regions.
Employment among college-educated people (read: potential home buyers) is as tight as a drum.
