With the economy suffering from weak job creation and households focused on improving household finances, a sustained improvement in housing construction will take hold in the multifamily sector before the single-family market. NAHB estimates that there are approximately 2.1 million potential households that constitute pent-up housing demand, and these deferred household formations will emerge as renters before existing renters and first-time homebuyers have a significant impact in the for-sale housing market.
Remodeling
Source: National Association of Home Builders
