Sentences with phrase «owner household formation»
Owner household formation is projected to increase 8.9 million between 2015 and 2025, according to the report, while renter household formation is projected to increase 4.7 million.
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More households in America are headed by renters now than at any other time in the last 50 years, with owner household formation toppled by renter household formation in the past 10, according to a recent analysis of Census Bureau data by the Pew Research Center.
Not exact matches
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.
«There is a pent - up demand for both rental and owner - occupied housing as household formation will inevitably burst out, but the bottleneck is in limited housing supply, due to the slow recovery in new home construction.
The report anticipates minorities will comprise the majority of growth in both owner and renter household formation, with Hispanics encompassing a significant share — an estimate potentially stunted, however, by future policy pertaining to immigration, as well as limited mortgage credit accessibility.
The expansion is supported by ongoing job growth and improving owner - occupied household formations, as well as tight existing home inventory.
«With ongoing job creation, increasing owner - occupied household formation, and a tight supply of existing - home inventory, the single - family housing sector should continue to strengthen at a gradual but consistent pace.»
«There is a pent - up demand for both rental and owner - occupied housing as household formation will inevitably burst out, but the bottleneck is in limited housing supply, due to the slow recovery in new home construction,» Yun notes.
«With ongoing job creation, increasing owner - occupied household formation, and a tight supply of existing home inventory, the single - family housing sector should continue to strengthen at a gradual but consistent pace,» said NAHB chief cconomist Robert Dietz.
With a growing labor market and continued household balance sheet repair, household formations are up in 2012, increasing demand for both renter - and owner - occupied housing.
«With ongoing job creation, increasing owner - occupied household formation, and a tight supply of existing home inventory, the single - family housing sector should continue to strengthen at a gradual but consistent pace.»
As the overall economy strengthens, owner - occupied household formation increases, and the supply of existing home inventory tightens, we can expect the single - family housing market to make further gains this year.