A new report from The Mortgage Bankers Association projected Americans would form between 13.9 and 15.9 million new households by the year 2024.

"Housing Demand: Demographics and the Numbers Behind the Coming Multi-Million Increase in Households" predicted the surge in housing demand would flow from Hispanics, baby boomers and millennials.

MBA Vice President of Research and Economics Lynn Fisher suggested an improving economic picture would allow more consumers to tap a pent up demand for real estate.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lending