Twitter Thread on Housing (@Fsynergized)

Excellent thread on Twitter summarizing the bull thesis on US housing by @FSynergized

US Housing Bull Thesis

 

Supply is tight:

Housing Supply 8-23-2017.jpg

Millennials want a house.. but are getting married later and have kids later.

Millennial Preferences 8-23-2017.jpg

Millennials represent the largest age cohort in the US population:

  The bullish thesis is that millennials are now getting married and having kids - and will ditch their rentals to buy houses. Homebuilders would have to grow to fill that supply gap. This assumes the economy and the job market will remain steady. The impact of rising rates on affordability is another risk.

 

The bullish thesis is that millennials are now getting married and having kids - and will ditch their rentals to buy houses. Homebuilders would have to grow to fill that supply gap. This assumes the economy and the job market will remain steady. The impact of rising rates on affordability is another risk.