A sharply positive turn in U.S. household formation has caused a rising demand for all types of housing over the last two years, including multifamily and single-family rental and ownership, according to data from a number of analysts.
"We believe steady, if unremarkable, monthly job growth is creating a similar household formation environment for 2013 which should support our positive housing outlook," the analysts said in a report on housing demand.
"You’re just seeing a lot more people getting reengaged," said Sterne Agee analyst Jay McCanless. "Housing demand, whether its rental or ownership, is a positive indicator," he added.
Read more...Conditions are ripe for household formation | HousingWire
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