Home construction is falling behind the pace of new household formation, creating an imbalance between housing supply and demand. (putnam.com)
On the positive side, wages are likely to increase, too, and with new household formation on the rise, the environment for housing is healthy. (realtormag.realtor.org)
If new household formation is 3 %, and the average period for a property purchase is six months, this factor requires a vacancy rate of another 1.5 %. (nakedcapitalism.com)