New Households Form at Fastest Rate Since ’07 in Resurgent U.S.

Between 750,000 and 1 million new households will be created in 2011

Palm Coast, FL – May 4, 2011

Shelby Webb, 22, rented her first apartment three weeks ago in Chattanooga, Tennessee, after landing a job translating ads for a Spanish-language newspaper. Now, she’s paying monthly bills for electricity, cable television and natural gas for the first time and has bought new pillows from Wal-Mart Stores Inc. (WMT)

Millions of young adults like Webb are starting to leave their parents’ homes, creating households at the fastest rate since 2007. They’re helping to provide a so-called shadow supply that may boost U.S. housing starts more than 50 percent by next year and spur consumption at a rate almost double that of the past two years.
Full Story >>>> Bloomberg [May 1]

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply