After years of media speculation and pundits declaring that the millennial generation is so very different and may never own a car or a house, changing all business and real estate markets, Globe.st.com shares some actual research data showing that the lull of the great recession may actually fit historical patterns. With household-formation rates back to normal after a three-year freeze, not unlike past recessions, the demise of the single-family home may have been greatly exaggerated. Sorry, kids.
Thanks to our friend John Peterson at Melvin Mark for posting this article.
