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On Friday, Fortune’s Lance Lambert and I discussed the US housing market.
One of the key topics was household formation. Here is an excellent summary article by Katie McKellar at desert.com: The most ‘underreported’ factor influencing housing market, according to Calculated RiskBill McBride, author of the economics blog Calculated Risk, said there’s a key reason why both rent and home price growth is slowing amid the U.S. housing correction playing out today.
In a live Twitter Space hosted by Fortune Magazine on Friday, McBride called it the most “underreported” factor.
What is it? Household formation — both because of how much it accelerated amid the COVID-19 pandemic and how it’s slowing down now.
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