[:en]Are the Kids Finally Moving Out?[:es]¿Se van los hijos finalmente?[:]

Are the Kids Finally Moving Out? | Simplifying The Market
[:en]During the recession, many young adults graduating from college were forced to move back in with their parents. This caused new household formations to drop dramatically from the long term average of 1.2 million formations annually to half that number. However, this may be the year this turns back around.

According to the Urban Land Institute’s report, Emerging Trends in Real Estate, household formations will increase dramatically. They project that 3.68 million additional households will be formed in the next three years. This brings household formations back to pre-recession numbers of 1.2 million a year.

What will happen in 2016?

One of the key indicators to an improving housing market is household formation: How many people are moving out and forming an independent living unit? Many of the people “moving out on their own” will be those Millennials who can finally move from their parents’ basements to their first home.

Not every person moving out will decide on an apartment. A certain percentage of consumers will decide that homeownership is a better option for themselves and their families.

Jonathan Smoke, Chief Economist at realtor.com, believes:

“Demand for for-sale housing will grow and will continue to be dominated by older millennials, aged 25 to 34. This demographic has the potential to claim a third of home sales in 2016 and represent 2 million home purchases.”

What about household formations moving forward?

And Louis Keely, the President of The Demand Institute, predicts strong household growth will continue over the next ten years:

“We expect new household formation to be robust over the next decade as the large millennial generation ages and forms new households of their own.”

Bottom Line

Here come the Millennials!! They will finally be entering the housing market in 2016 and will dominate real estate sales over the next decade.[:es]Durante la recesión, muchos adultos jóvenes graduados de la universidad se vieron obligados a mudarse de nuevo a la casa de sus padres. Esto provocó que la formación de hogares nuevos cayera drásticamente del promedio a largo plazo de 1.2 millones de formaciones anuales a la mitad de ese número. Sin embargo, este puede ser el año que esto cambie.

Según el informe del Urban Land Insitute, Emerging Trends in Real Estate, la formación de hogares aumentara drásticamente. Ellos proyectan que se formaran 3.68 millones de hogares adicionales en los próximos tres años. Esto trae la formación de hogares a los números de antes de la recesión de 1.2 millones al año.

¿Qué ocurrirá en 2016?

Uno de los indicadores claves para un mercado de la vivienda mejorando es la formación de hogares: ¿Cuantas personas se están mudando y formando una unidad de vida independiente? Muchas de las personas “mudándose solas” van a ser los ‘millennials’ que finalmente se pueden mudar del sótano de sus padres a su primera vivienda.

No todas las personas mudándose se decidirá por un apartamento. Un cierto porcentaje de consumidores van a decidir que ser propietarios de casa es la mejor opción para ellos y sus familias.

Jonathan Smoke, Economista principal de Realtor.com, cree que:

“La demanda de la vivienda para la venta va a aumentar y seguirá dominada por los ‘millennials’ mayores, entre 25 a 34 años de edad. Este grupo demográfico tiene el potencial para reclamar un tercio de las ventas de las casas en 2016 y representan 2 millones de compras de viviendas”.

¿Qué en cuanto a la formación de los hogares más adelante?

Louis Keely, el Presidente de Demand Institute, pronostica un aumento fuerte de hogares en los próximos diez años:

“Esperamos una nueva formación de hogares que sea robusta durante la próxima década a medida que la gran generación de los ‘millennials’ envejece y forma nuevos hogares propios”.

En conclusion,

¡Aquí vienen los ‘Millennials’! Ellos finalmente van a entrar el mercado de la vivienda en 2016 y van a dominar las ventas de bienes raíces durante la próxima década.[:]

[:en]Are the Kids Finally Moving Out?[:es]¿Se van los hijos finalmente?[:]

Are the Kids Finally Moving Out? | Simplifying The Market

[:en]During the recession, many young adults graduating from college were forced to move back in with their parents. This caused new household formations to drop dramatically from the long term average of 1.2 million formations annually to half that number. However, this may be the year this turns back around. According to the Urban Land ...

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[:en]Are the Kids Finally Moving Out?[:es]¿Se van los hijos finalmente?[:]

Are the Kids Finally Moving Out? | Simplifying The Market

[:en]During the recession, many young adults graduating from college were forced to move back in with their parents. This caused new household formations to drop dramatically from the long term average of 1.2 million formations annually to half that number. However, this may be the year this turns back around.

According to the Urban Land Institute’s report, Emerging Trends in Real Estate, household formations will increase dramatically. They project that 3.68 million additional households will be formed in the next three years. This brings household formations back to pre-recession numbers of 1.2 million a year.

What will happen in 2016?

One of the key indicators to an improving housing market is household formation: How many people are moving out and forming an independent living unit? Many of the people “moving out on their own” will be those Millennials who can finally move from their parents’ basements to their first home.

Not every person moving out will decide on an apartment. A certain percentage of consumers will decide that homeownership is a better option for themselves and their families.

Jonathan Smoke, Chief Economist at realtor.com, believes:

“Demand for for-sale housing will grow and will continue to be dominated by older millennials, aged 25 to 34. This demographic has the potential to claim a third of home sales in 2016 and represent 2 million home purchases.”

What about household formations moving forward?

And Louis Keely, the President of The Demand Institute, predicts strong household growth will continue over the next ten years:

“We expect new household formation to be robust over the next decade as the large millennial generation ages and forms new households of their own.”

Bottom Line

Here come the Millennials!! They will finally be entering the housing market in 2016 and will dominate real estate sales over the next decade.[:es]Durante la recesión, muchos adultos jóvenes graduados de la universidad se vieron obligados a mudarse de nuevo a la casa de sus padres. Esto provocó que la formación de hogares nuevos cayera drásticamente del promedio a largo plazo de 1.2 millones de formaciones anuales a la mitad de ese número. Sin embargo, este puede ser el año que esto cambie.

Según el informe del Urban Land Insitute, Emerging Trends in Real Estate, la formación de hogares aumentara drásticamente. Ellos proyectan que se formaran 3.68 millones de hogares adicionales en los próximos tres años. Esto trae la formación de hogares a los números de antes de la recesión de 1.2 millones al año.

¿Qué ocurrirá en 2016?

Uno de los indicadores claves para un mercado de la vivienda mejorando es la formación de hogares: ¿Cuantas personas se están mudando y formando una unidad de vida independiente? Muchas de las personas “mudándose solas” van a ser los ‘millennials’ que finalmente se pueden mudar del sótano de sus padres a su primera vivienda.

No todas las personas mudándose se decidirá por un apartamento. Un cierto porcentaje de consumidores van a decidir que ser propietarios de casa es la mejor opción para ellos y sus familias.

Jonathan Smoke, Economista principal de Realtor.com, cree que:

“La demanda de la vivienda para la venta va a aumentar y seguirá dominada por los ‘millennials’ mayores, entre 25 a 34 años de edad. Este grupo demográfico tiene el potencial para reclamar un tercio de las ventas de las casas en 2016 y representan 2 millones de compras de viviendas”.

¿Qué en cuanto a la formación de los hogares más adelante?

Louis Keely, el Presidente de Demand Institute, pronostica un aumento fuerte de hogares en los próximos diez años:

“Esperamos una nueva formación de hogares que sea robusta durante la próxima década a medida que la gran generación de los ‘millennials’ envejece y forma nuevos hogares propios”.

En conclusion,

¡Aquí vienen los ‘Millennials’! Ellos finalmente van a entrar el mercado de la vivienda en 2016 y van a dominar las ventas de bienes raíces durante la próxima década.[:]

[:en]Are the Kids Finally Moving Out?[:es]¿Se van los hijos finalmente?[:]

Are the Kids Finally Moving Out? | Simplifying The Market

[:en]During the recession, many young adults graduating from college were forced to move back in with their parents. This caused new household formations to drop dramatically from the long term average of 1.2 million formations annually to half that number. However, this may be the year this turns back around. According to the Urban Land ...

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