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HomeRun Homes is a centralized marketplace which helps people Find or Sell a Rent to Own Home, both Nationwide and Globally to the thriving Rent to Own Market. http://www.lease2buy.com

May 5, 2011

Explosion in Number of New U.S. Households

Hi All,

   Welcome back, and TGIF.

   Some time ago, we mentioned the rapid increase in new U.S. Households, and recently, there was a great article on the Realtor.org website that discussed this topic, titled, "Big Jump Expected in New U.S. Households".

   "Millions of young adults are beginning to move out of their parents’ homes and create new households at the fastest rate since 2007", says the article, with additional sources within the article stating that, "In 2011, between 750,000 and 1 million new households are expected to be created". Bloomberg News calls this a, "Major jump to U.S. housing starts possibly by more than 50 percent".

   What was the cause of this "explosion"? The article says that a lot of people had to move in with their parents due to the economy, but as the economy gains momentum, these same people will be looking for their own residence, and thus, the new households. This, in turn, will also stoke Housing Starts (from the demand). The article cites the demographic component of housing as "strong", but limited by current economic and psychological components.

   What does this mean for the Rent to Own Market? Well, if demand is increasing, but people still have blemished credit as a result of the economy, the demand for Rent to own should surge in tandem with this explosion.

   Slap on a helmet and fasten your safety buckle...it's going to be a fun ride !

   Questions? Comments?

Have a Great Weekend, and Happy Rent-to-Owning !
Rob Eisenstein
HomeRun Homes Blog http://blogging.lease2buy.com
HomeRun Homes Website http://www.lease2buy.com

TAGS: #renttoown #realtor #housingstarts

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