After three powerful years of household formation growth ending last year, Harvard University's The State of the Nation's Housing report says growth will likely slow.
The report has seen it most prominently in professionally managed apartments, thanks in part to rising rents and the increased number of households with higher incomes transitioning to homeownership.
"Much of the pent-up demand for household formation among young adults has been released, and also because of deteriorating affordability and slowing population growth, the primary long-term driver of household growth," Harvard said.
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