Sentences with phrase «rising household formation»
This, in turn, continues to support the demand for homes, along with rising household formation,» says Michael Gregory, head of U.S. Economics, BMO Capital Markets.
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Solid fundamentals — pent up demand, a robust job market and rising household formation — should extend the recovery even in the face of moderately higher borrowing costs.
Multifamily properties benefit from a double - dose of boost — rising household formation and a shortage of residential housing — which will keep vacancies in check, even with rising new supply.
ORLANDO, Fla. (November 4, 2016)-- More millennials entering their prime homebuying years, rising household formation, and continued job gains boosting overall demand are expected to be behind the slight increase in existing - home sales in 2017, according to a residential housing and economic forecast session here at the 2016 REALTORS ® Conference & Expo.
Demand for offices should remain solid, and multifamily properties will benefit from rising household formation and a shortage of residential housing.
«With ongoing job creation, wage increases and rising household formations, we can expect continued, gradual strengthening of the housing market in the coming months.»
«Ongoing job and economic growth coupled with tight inventories and rising household formations are boosting housing demand,» said Robert Dietz, chief economist of the NAHB.
«Solid economic growth, along with ongoing quarterly job gains and rising household formations, are fueling housing demand,» said NAHB Chief Economist Robert Dietz.
A growing economy, rising household formations, low mortgage rates and pent - up demand will help single - family housing production to rev up in 2015 while a growth in renters will keep the multifamily market at cruising altitude or higher, according to economists who participated in a recent National Association of Home Builders (NAHB) 2014 Fall Construction Forecast Webinar.
The single - family home increase is because of job growth and rising household formations,...
Not exact matches
The demand for services in the Building Exterior Cleaners industry cum window cleaning line of business is on the increase in recent time, as growth in household formation rates expanded the available clientele base for industry players and rising per capita disposable income enabled consumers to purchase cleaning services they put off during the recession.
More likely though, is that commodities that are in short supply globally would rise, like coal, steel, oil, gold, rare minerals, etc., and only after a while, would housing prices rise, as nominal incomes become large enough, and household formation great enough for the excess supply to disappear.
Similar data from the U.S. Census Bureau shows a rise in the average age for marriage and household formation, supporting the idea of a Great Delay4.
Single - family housing production is poised to surge in 2015, as the economy picks up and a rise in household formations mixed with low mortgage rates unleash pent - up demand in the sector, according to economists speaking during the National Association of Home Builders» 2014 Fall Construction Forecast Webinar.
«The combination of the stock market being at record highs, 16 million new jobs created since 2010, pent - up household formation and rising consumer confidence are giving more households the assurance and ability to purchase a home.»
He predicts the rental population will continue to rise over the next five years because of an increase in household formation.
Moreover, attractive mortgage rates, rising incomes and growing household formations make this an excellent time to buy.»
«The uptrend in home sales is in line with all of the underlying fundamentals — pent - up household formation, record - low mortgage interest rates, bargain home prices, sustained job creation and rising rents.»
The rise in divorces has coincided with an increase in household formation.
But Household formation rising — older millenials are bunking with parents — Most new households are renters (delaying marriage and having babies) and competitiveness in home buyers market!
[Narrator]: Rents rise with inflation and good economic times, and increased household formation lift both rentals and homeownership.
But Household formation rising — older millenials are bunking with parents - Most new households are renters... [Read more...]
The 36 - page document offers an analysis of data on the Hispanic homebuyer market and points to youth, birth rates, household formation, rising purchasing power, labor trends, educational achievements and desire as key indicators that will make Latinos a major purchase force in the first - time homebuyer market.
«Rising employment, favorable mortgage rates and increasing household formations will keep the housing market on a gradual, upward path during the rest of the year.»
A stronger economy supports a rise in household formation and home buying.
Instead, look for actual evidence that the pace of new construction is keeping up with growth in demand: evidence such as increasing employment, household formation, and retail trade volumes, rising occupancy rates, positive rent growth, and growth in same - property NOI.
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.