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MBA Forecasts Housing Demand Over Next 10 Years

Friday, August 28, 2015

We have been reading for several years now about two trends that appear troubling for the housing industry - a declining rate of homeownership and a stalled out rate of household formation.  The latter has recently begun to reverse itself as the huge millennial generation has reached maturity, found jobs, and moved out on their own, but homeownership rates continue to decline, reaching the lowest rate since tracking began.

The Mortgage Bankers Association (MBA) has just released a paper forecasting housing demand over the next ten years.  The paper, Demographics and the Numbers Behind the Coming Multi-Million increase in Households was written by Lynn M.  Fisher Vice President, Research & Economics and Jamie Woodwell Vice President of Commercial/Multifamily Research

 

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