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More good news for housing: Household formation growth is back. After averaging more than...

More 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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Comments (5)
  • june1234
    , contributor
    Comments (3195) | Send Message
     
    That's a great piece of news. People do need a roof over their head even a rented one
    18 Jan 2013, 11:04 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Now the bad news: Reuters is reporting that a "new agency, created by the Executive Order 34,214 of the President named the 'Nationwide Database Study Group, Local Initiative Initiative Department' has redefined 'household' to now include 'any longstanding group who has been housed together including children in backyard forts, any grouping of more than 4 animals in a petshop, and men in alleys with more than 3 bottles of beer.'

     

    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.
    18 Jan 2013, 11:12 AM Reply Like
  • Macro Investor
    , contributor
    Comments (9050) | Send Message
     
    You don't seem too happy that the economy is improving, eh, Tony?
    18 Jan 2013, 02:03 PM Reply Like
  • blackswans
    , contributor
    Comments (155) | Send Message
     
    Go ahead and provide that link.
    18 Jan 2013, 05:58 PM Reply Like
  • Interesting Times
    , contributor
    Comments (13278) | Send Message
     
    tony

     

    Did they define what an animal is ?? Petshops have fish as well...lol.

     

    If we include them well .......just sayin..
    18 Jan 2013, 02:05 PM Reply Like
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