Household formation in the U.S. is soaring to heights not seen since the economic recovery began. According to the Census Bureau, over the last 12 months, almost 2 million new households were formed in the U.S. Rising household formation is positive for the housing market and the economy. A rising number of households signals greater demand for housing units. The broader economy should also get a kick from rising household formation as newly formed households spend to furnish their homes and stock them with consumables.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Cities of the Future - August 17, 2018
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- A $35k House that Makes its Own Water, Grows Food, and Is Energy Self-Sufficient. - August 15, 2018