Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Around 16 million new U.S. households – many of them diverse – are expected to emerge over the next decade, bringing credit unions and banks big mortgage lending opportunities, industry experts said.

“We need to remember the low rates of household growth we have seen in the last five years have not been usual,” Mortgage Bankers Association Vice President of Research and Economics Lynn Fisher said in an interview about the expected growth wave.

The Great Recession slowed new household growth and expanded existing households’ sizes because fewer jobs prevented young people from moving out of family homes, Fisher explained. It also forced families to move in together due to foreclosure or to save money, she added.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.