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Email Jan & Wally
Jan Bigelow: 928.300.1699
Wally Reule: 928.301.5943
The U.S. Census Bureau just released the numbers for new household formation for the first quarter of 2015, and the news is good. In the first three months of this year, 4,601,000 new households were formed. This compares very favorably to the long term average of 3,450,000. Increases in household formation correlate well with periods of strong housing markets because of increased demand for housing, both rented and purchased.
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