The latest article from Robert Charles Lesser & Co (RCLCO) shows an interesting chart of the demographic changes in the housing market and could be viewed as a predictor of the next phase of housing starts around the country.
Written by Gregg Logan, the Managing Director of the firm, the article is part two of a series that looks at the current housing market as analyzed by demographic. The categories are the Eisenhowers and Great Generation, the Baby Boomers, Generation X and Gen Y. This one focuses on the impact of Generation Y as they enter the home buying marketplace.
The economy is having a major impact on how fast this generation of 30 and under moves from the multifamily market into the home buying market. Logan writes:
“The rate at which Generation Y is forming new households is currently lower than Generation X before them, as young people in their early 20’s today have found themselves in a tougher job market, Read more » about Demographics Still Drive the Housing Market