The ongoing impact from a sluggish birthrate in the U.S. could hit the housing market after data...

|By:, SA News Editor

The ongoing impact from a sluggish birthrate in the U.S. could hit the housing market after data shows the number of babies born fell to the lowest level since 1999. Fewer babies reduces economic activity and drags down housing demand, says Wells Fargo economist Mark Vitner. "More households will likely choose to rent for longer periods of time, and there will be fewer trade-up buyers. I fear this is a trend that will likely persist."