Monday, May 2, 2011

New households being formed at the fastest rate since 2007

Millions of young adults are starting to leave their parents’ homes, creating households at the fastest rate since 2007. They are helping to provide a so-called shadow supply that may boost U.S. housing starts more than 50 percent by next year and spur consumption at a rate almost double that of the past two years.

Consistent with what NAHB Chief Economist David Crowe told us in March?

Read the entire report at by clicking here.

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