Without a question, the great recession has changed our society. Not even discussing the change in our standard of living but the fact is that there is a "flat-line" projection for household growth. New households have mirrored the population growth trend line but the significant departure has been over the past 4-yrs. New family formations are typically postponed during recessions but this "great recession" has effected the core of our society. However, even with a bad economy and a lack luster economic growth forecast, the housing market is changing. The above graphs represent demand and it clearly shows a pent-up demand. The result of this....................... not good for anyone.
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