Housing Demand

There is a pent-up demand for housing and it is a direct result of the economic environment. This demand will not be able to be satisfied in the short term due to supply problems. Prices will sharply increase as supply further decreases and demand sharply increases. More people at the triangle base of the housing market will be locked out of the housing market as the market shifts from a buyer’s to a seller’s market.

Annual rate of Family Formations:

Current: 750,000

Norm: 1,200,000