Editor's Note: Below is a brief research excerpt from Hedgeye's Housing sector team. Our analysts recently hosted a call with our new sector head of Demography, Neil Howe, titled: "Get Ready For the Demographic 'New Normal' In Housing." If you'd like more info on how you can access our institutional research email firstname.lastname@example.org.
The Lost (Housing) Generation
Homeownership and net wealth among Gen X’ers suffered the most during the Great Recession. A large number never formed households or became homeowners and many that did ended up in negative or near negative equity positions. Their disadvantaged position limits their capacity for “trading up” and will continue to weigh on housing turnover broadly. Whether this generation eventually transitions to ownership to the same extent as previous generations remains an open question.
***A 3-minute clip from our recent call with demographer Neil Howe.