A Housing Prediction
This is a very interesting article.
“There will be 5 million more echo boomers than there were boomers when they first started swelling housing markets,” said Eric Belsky, executive director of the Joint Center.
As a result, household growth during the next 10 years should range between 12.5 million and 14.8 million, according to the report. All those new households mean demand for many new housing units.
“This is a powerful, powerful underpinning of future demand,” said Belsky.