In addition, it is projected that over the next decade, the majority of new household formation will be renters, a reversal from the trend of the past few decades. (nreionline.com)
Home construction is falling behind the pace of new household formation, creating an imbalance between housing supply and demand. (putnam.com)
The homeownership rate is still hovering near its historic low and the majority of new households forming today are renter households. (cnbc.com)