Sunday, May 2, 2010

Housing demand is more elastic than we thought

Don't try to forecast demand by assuming that there will be 2.5 people/household:
Last year, 1.2 million households disappeared as unemployed adult children moved back home and seniors moved out of assisted living to share living space with their grown children. This will linger until the economy begins to recover and seniors can sell their homes and live near but not with their relatives.

No comments:

Post a Comment