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Demand for housing is driven primarily by an increase in household growth, which is expected to remain strong based on aging millennials and the overall population.


According to the Joint Center for Housing Studies of Harvard University, with a large portion of the millennial population now in its early 30s, adults under age 35 formed 10.5 million new households in 2012 – 2017, which is 1.5 million more than in the previous five-year period.


The millennial generation will continue to lift household growth for years to come.

 

 

 

 

January 30, 2019

Demand for housing is driven primarily by an increase in household growth, which is expected to remain strong based on aging millennials and the overall population.

According to the Joint Center for Housing Studies of Harvard University, with a large portion of the millennial population now in its early 30s, adults under age 35 formed 10.5 million new households in 2012 – 2017, which is 1.5 million more than in the previous five-year period.

The millennial generation will continue to lift household growth for years to come.

 
 
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