Housing Construction too Slow for Growing Population of Millennials

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Posted To: MND NewsWire

There is widespread industry concern that new homes and apartment buildings are not being constructed fast enough to keep up with demand and now the National Association of Home Builders (NAHB) says there is a mismatch between where they are being built and where they are truly needed . Litic Mulali analyzed the third quarter edition of NAHB’s Home Building Geography Index (HBGI) for a post in the association’s Eye on Housing blog. The HBGI identified “Millennial counties,” those counties in which Millennials, persons born between 1981 and 1997, make up at least a 26 percent share of the local population. The top 25 percent of counties with a high millennial concentration also contain 62 percent of the total U.S. population. In a third quarter analysis of HBGI, NAHB found that those counties…(read more)

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