by Calculated Risk on 2/10/2023 10:10:00 AM
Today, in the Calculated Risk Real Estate Newsletter:
Net Immigration and Household Formation
A key theme has been that household formation surged during the pandemic and has slowed recently. This surge in household formation increased demand for homeownership and for rental units – pushing up both house prices and rents.
The recent slowdown in household formation has lowered demand, and we are already seeing this with falling asking rents.
This brief note provides an update on immigration.
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