As household formation mends and grows, the housing recovery will benefit overall, but the rental industry is expected to come out as the biggest winner, according to a report from Capital Economics.
“[W]ith the overwhelming majority of newly forming households over the next few years set to rent rather than own their home, the rental sector will be the disproportionate beneficiary,” wrote economist Paul Diggle in the report.
Not only has household formation picked up again after dropping off in 2008 and 2010, but Capital Economics added, “there are good reasons to expect household formation to keep getting stronger.”
Read more...Rental Sector to Gain the Most from Rebound in Household Formation via DSNews.com
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