- by New Deal democrat
I have some concluding comments up at XE.com about the direction and the importance of the housing market.
What happens to single family home construction and ownership will be largely determined by interest rates. What happens to apartment construction, in particular, is much more dependent on demographics. If the Millennials follow the pattern of the Boomers nearly 50 years ago, apartment construction could nearly triple even from its current level over the next 5-8 years.