New Households Sprouting Up

The Census Bureau reports that 1.15 million new U.S. households were created during the year ended in September. That is just shy of the 1.25 million annual rate during the housing boom but a big jump from an average of 650,000 annually in the last four years. Much of the growth is attributed to people who rent. But the number of owner-occupied units is starting to climb, driving new construction. | Read More