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More good news for housing: Household formation growth is back. After averaging more than...
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Friday, January 18, 10:59 AM ETMore good news for housing: Household formation growth is back. After averaging more than 1M/year prior to the property bust, formations dropped to about 500K/year between 2008-10. The number bounced to 1.1M in 2011 and looks to have risen further last year. The gains are particularly felt in the rental market, and builders are obliging with a big jump in multi-family starts.
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These groupings account for 98.8% of the growth in household formation."
Still, there are signs everywhere of optimism as we begin our new adventures in new normals.
Did they define what an animal is ?? Petshops have fish as well...lol.
If we include them well .......just sayin..