【World Property Journal】U.S. Housing Demand Will Likely Stay High for Several More Years

Zillow's latest research is reporting this week that the low rate of household formation since the Great Recession have caused 5.7 million "missing" households.

These missing households represent people who historically would have moved into their own home but have been unable or unwilling to do so, and should keep housing demand high for many years to come as the market catches up.

Americans of every age group and ethnicity are forming households at lower rates than before the Great Recession, meaning they are either living with parents into adulthood or doubling up with roommates instead of buying or renting a home on their own or with a partner. Lower rates across the board may indicate the market is struggling to provide enough affordable homes overall, not necessarily that a shift in preferences among a particular group is causing the decline.

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