Sentences with phrase «household formation»

These numbers are well north of what economists state is required to meet the growth rate in household formations.

Home construction is falling behind the pace of new household formation, creating an imbalance between housing supply and demand.

Millennials will drive 2/3 of household formations in the next five years.

However, relative to 2007, household formation rates have fallen regardless of education level.

Demand for offices should remain solid, and multifamily properties will benefit from rising household formation and a shortage of residential housing.

New construction isn't keeping pace with household formation.

In turn this is coupled with the fact that what job growth has come has been concentrated in the low - wage service sector, which has a negative feedback effect on household formation.

That demand is fueled by growing household formation and immigration trends, so it's not expected to dry up any time soon, say practitioners.

The expansion is supported by ongoing job growth and improving owner - occupied household formations, as well as tight existing home inventory.

Of course, things are not «equal» as household formation has slowed due to debt burdens, lower real wages, and unemployment for the 18 - 35 age group.

The other part about this is if the economy is doing well there are more household formations.

Many returning soldiers were in their prime years for household formation.

Typically, household formation among new immigrants takes place within five years of arrival, says the company.

The expansion is supported by ongoing job growth and improving household formations, as well as tight existing home inventory.

Still, the total number of home owners are expected to see growth in the next 15 years due to net household formation, the report notes.

As the recovery sets in and household formation picks up, will young families transition to homeownership and leave the ranks of renters?

Strong population growth will continue to support household formation and the demand for apartments.

The number of households that live in an area can increase through household formation or migration.

This makes sense given two factors: one is the hit household formation took during the financial crisis.

Finally, improvement in employment and consumer confidence is finally translating into the end of negative household formation.

Less spending means less production, means less jobs, means less money, equals reduced household formation....

The economic recovery, even though it's at a slow pace, is leading to notably higher household formation, census figures show.

On the operating front, while some markets have seen excessive new construction, renter demand generally remains strong and household formation numbers look good over at least an intermediate term.

Among these are the healthy job market that's helping fuel increased young household formation, and the thriving affordable housing market primed by the popular federal low - income housing tax credit program.

Given the job growth we've seen in 2014, there should have been better household formations.

What do household formation and apartment supply have in common?

Once we start seeing new household formation again, a housing shortage is something we won't be able to dismiss too quickly.

It was bound to happen after an unprecedented five consecutive years of deeply suppressed household formation — less than half the normal rate at 500,000 new households per year from 2007 to 2011.

The rise in household formation - which is expected to hit 1 million new households this year.

On the positive side, wages are likely to increase, too, and with new household formation on the rise, the environment for housing is healthy.

Some of the weak housing demand is due to high student debt and slow rates of household formation, but tighter regulations on mortgage lending also have held it back.

This expansion is supported by ongoing job growth and improving household formations, as well as tight existing home inventory.

As the recovery sets in and household formation picks up, will young families transition to homeownership and leave the ranks of renters?

Fueling demand has been continued strong household formation among baby boomers» children, the influx of immigrant families, and the rise of so - called lifestyle renters, who rent by choice.

«Strong renter household formation is one of the reasons why the homeownership rate has continued to drop since the onset of the housing crisis, so any sign this trend is reversing is something to take note of.

The homeownership rate crept up close to a full percentage point from one year ago to 63.7 percent in the second quarter, encouraged by more owner household formation, according to the U.S. Census Bureau's recent Quarterly Housing Vacancies and Homeownership report.

Again, I don't think it's a situation of not being able to afford them, but it obviously is having severe effects on the economy in delaying household formation (this fact can not be disputed) and financial timelines.

Recently, the Urban Institute released a study that suggests 59 percent of new household formation over the next 15 years will be ren...

One reason for the subpar performance is continuing slow household formation, a key precursor to home sales.

With the U.S. employment rates soaring, the report also states that Latinos also led the nation in workforce participation and household formation growth, which indicates that Hispanics will likely be the primary driver of new homeowners for the next decade and beyond.

«Immigration has been the dominant source of household formation since the early 1990s, a trend that will accelerate over the coming decade as the rate of natural population growth continues to slow.»

You're not alone: millennials are projected to be the largest swath of home buyers in history with over 1.5 million household formations projected each year until 2024.

«It is true that as the economy recovers, faster household formation should create demand to occupy the new units,» says Luis Mejia, CoStar's director of U.S. Research, Multifamily.

Continued recovery in household formation from multi-decade lows, against the backdrop of lean housing inventory, is also expected to boost activity.

There is a brighter outlook for the homeownership rate, which could rebound if household formation pans out as predicted, the report reveals.

«July's positive report shows there is a need for new single - family homes, buoyed by increased household formation, job gains and attractive mortgage rates.

Existing home sales are on track for a decent increase in June, building permits are back above natural household formation, home prices continue to set new highs, and Canadian household leverage has now passed that of their US counterparts.»

The apartment industry's hopes for a happy 2015 are pinned on accelerated household formation, in particular, among young people moving into their own apartments...

Moreover, attractive mortgage rates, rising incomes and growing household formations make this an excellent time to buy.»