(This is an excerpt from an article I originally published on Seeking Alpha on August 3, 2014. Click here to read the entire piece.)
Demographic shifts can be key drivers of housing trends. To date I have spent more time examining the impact of aging Baby Boomers on the housing market than aging millennials, defined here as the generation born between 1985 and 2004 (inclusive). In this piece, I combine the research of three different sources to conclude that 2015 likely represents a first make or break point for millennials to have a positive impact on the housing market and on the prospects for home builders. This piece is essentially a follow-up to last year’s “The Pent-Up Housing Demand Of Young People Could Support ‘Selling Seniors’” and “The Housing Recovery Will Proceed Even With The Changing Preferences For Living At Home.” Here are my references:
- “The State of the Nation’s Housing 2014,” by the Joint Center for Housing Studies (JCHS) of Harvard University (June, 2014) – including the webcast release on June 26, 2014.
- “The Recession’s Lost Generation of Homeowners Isn’t Millennials – It’s the Middle-Aged,” by Jed Kolko, Chief Economist at Trulia (July 16, 2014).
- “NAR Identifies Best Purchase Markets for Aspiring Millennial Homebuyers,” by the National Association of Realtors (July 24, 2014).
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(This is an excerpt from an article I originally published on Seeking Alpha on August 3, 2014. Click here to read the entire piece.)
Full disclosure: no positions