There are 2 million "missing households" in
the US - which represents pent up demand for new residences in the US. These
are Millennials who are living with their parents or rooming together in an
apartment. That represents 2 years of housing starts at the current pace. Rents
are increasing, jobs are tough to get, and student debt is high. Fun fact - we
haven't been building this few homes since World War II, according to the NAHB.
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