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US Births

In the US the demand side of the curve is exerting added fuel to the fire with 1st home buyers in their early 30’s coming to market and there are lot of them as the “Baby Boomers” post WW2 had families leading to what’s now referred to as the “Echo Boomers”. These fresh buyers are pushing up prices especially at the lower end of the market and unless the trend changes we should see a few more years support as these young adults flee the coup / stop renting

MM believes US housing should enjoy a demand tailwind for at least a few more years
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US Birth Rate – Source: Tom McCellan Financial Publications
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