U.S. Owner-Occupied Household Formation Is Up
(Bloomberg) -- A record increase in owner-occupied households is a plus for the U.S. economy. Census Bureau data for June show an increase of 2.3 million from a year earlier to an all-time high 121.3 million. The data suggest demographics are favorable for the property market. Millennials coming of age in today’s strong job market could be spurring the growth.
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