MarketPR
The Mortgage Bankers Association is warning that America's long-running housing shortage may be giving way to a demand shortage.
A new MBA report argues that slower population growth, lower birth rates, an aging population, and reduced immigration are expected to shrink the pool of potential homebuyers and renters over the coming decade — even as builders continue adding supply.
That demographic reversal would mark a sharp departure from conditions that have defined the U.S. housing market since the financial crisis.
Millennial Formation Wave Recedes as Key Tailwind For more than a decade, Millennials — the nation's largest generation — anchored a surge in household formation that builders struggled to meet.
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