Fewer Households Signal Pent-Up Demand

Only 357,000 new households were created in 2010, a figure that amounted to a 63 year low. The number of new households fell sharply from the longer-term average of 1.3 million per year from 2003-2007. 

More young Americans, in particular, have opted to move in with parents or double up with friends during a time of greater economic instability.

Source: Buffini & Company