A new report from The Mortgage Bankers Association projected Americans would form between 13.9 and 15.9 million new households by the year 2024.
"Housing Demand: Demographics and the Numbers Behind the Coming Multi-Million Increase in Households" predicted the surge in housing demand would flow from Hispanics, baby boomers and millennials.
MBA Vice President of Research and Economics Lynn Fisher suggested an improving economic picture would allow more consumers to tap a pent up demand for real estate.
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