Study shows Baby Boomers, Hispanics and Millennial Generation will drive housing demand next decade

housing demand

housing demandBy Trey Garrison | HousingWire

The Mortgage Bankers Association believes that between 13.9 and 15.9 million additional households will be formed by 2024, making the next decade one of the strongest in housing in U.S. history.

In its new research paper, titled Housing Demand: Demographics and the Numbers Behind the Coming Multi-Million Increase in Households, the MBA’s researchers conclude that the housing demand surge will be driven by Hispanics, Baby Boomers, and millennials.

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