Editor's Note: Below is a chart and brief excerpt from today's Early Look written by Hedgeye U.S. Macro Analyst Christian Drake. Click here to learn more.
The composition of improvement was even more encouraging as Owner Households increased +1.7mn against a net decline in Renter Households, serving to drive further recovery in both the Headship and Homeownership Rates. As can be seen in the Chart of the Day below, the post-GFC compositional trend reversed in 1Q17 and has persisted over the past 8 quarters with owner household growth outpacing that of renters by a meaningful spread. |