Annual New One Family Home Sales per 25 to 34 Year Old Employed

Click to enlarge.

August 23, 2013
Calculated Risk: Comments on New Home Sales

And even though there has been a large increase in the sales rate, sales are just above the lows for previous recessions. This suggests significant upside over the next few years. Based on estimates of household formation and demographics, I expect sales to increase to 750 to 800 thousand over the next several years - substantially higher than the current sales rate.

For what it is worth, I shall take the under.

Source Data:
St. Louis Fed: Custom Chart