【Freddie Mac】U.S. Population Growth: Where is housing demand strongest?

What is the main driver of demand for housing in the United States? The answer is simple: people. The American population is a diverse group with multifaceted and individualistic housing needs. Housing is a long- lasting investment, so investment decisions made today in the type of housing built will shape the availability of housing long into the future. The slow-moving currents of housing demand and supply are often distorted in the short run by economic factors such as the business cycle or interest rate movements. But in the long run, the deep forces of supply and demand, including demographic-driven demand, shape the housing market, the cost of housing, and ultimately, who lives where and in what type of housing.

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