Sentences with phrase «average household demand»

Not exact matches

Over the past 11 months, the average annual increase has been 13 % as builders respond to the increased demand, as existing home inventories remain low and as only the more financially able households are approved for mortgages.

«Though the main long - term drivers of housing activity remain stalled — namely below average growth in median household income, labor force participation, bank lending and household formation — metro markets continue to get a boost from pent - up demand caused by the low inventory that plagued housing for the past two years,» Redfin researchers note.

Second, increases in the average income of an area's households, especially those headed by persons in the prime renting age group of 25 - 35, may contribute to increases in the demand for owner - occupied housing.