Pace of Construction in Millennial Counties Lags
Washington, DC, December 4, 2019—The majority of single-family and multifamily housing production in the nation is occurring in counties with the greatest concentration of Millennials, which account for 62% of the entire U.S. population. However, in a warning sign that the housing affordability crisis persists and more construction is needed, the pace of housing production in areas with the greatest concentration of Millennials lags the rest of the nation, according to the latest quarterly National Association of Home Builders Home Building Geography Index.