First-time homebuyers have been largely absent from the housing market in the current economic recovery, but some metropolitan areas – particularly in the Midwest and West – are well positioned to see increases in home-buying from the Millennial generation in upcoming years.
|Sales||5.04 million units*|
|*seasonally adjusted annual rate|
|Housing Starts (June)||893,000|
|New Home Sales (May)||504,000|
U.S. Economic Outlook : July 2014 (PDF: 44 KB)