Signal Category: Residential

By 2050, U.S. housing demand is projected to shift primarily from household formation toward replacement needs, as aging homes, natural disasters, and conversions reduce available stock.

Demand in student housing is increasingly favoring large, flagship universities, with smaller institutions facing enrollment headwinds and softer fundamentals.

Only 38% of U.S. households can afford a median-priced home today, down from 57% just five years ago, as higher rates, prices, and ownership costs continue to strain affordability. This widening gap is reshaping housing demand and accelerating interest in alternative housing solutions.