Homes actively under construction is about to hit an all time high, higher than the 70s peak
Plus consider demographics. Millennial hump has passed avg home buying age, and there are demographic headwinds going forward, unless immigration policy becomes more permissive. Of course demographic impact will take decade or more to play out.
By demographic headwinds, I mean fewer young people, e.g. Inverted population pyramid. See Japan or China for how this will play out
https://fred.stlouisfed.org/series/TTLHH
https://fred.stlouisfed.org/series/ETOTALUSQ176N
https://fred.stlouisfed.org/series/UNDCONTSA
Homes actively under construction is about to hit an all time high, higher than the 70s peak
Plus consider demographics. Millennial hump has passed avg home buying age, and there are demographic headwinds going forward, unless immigration policy becomes more permissive. Of course demographic impact will take decade or more to play out.
By demographic headwinds, I mean fewer young people, e.g. Inverted population pyramid. See Japan or China for how this will play out