After reaching its peak in 2007 and dipping back a bit in 2012, the prime working age population could reach a new high this year, according to Bill McBride of Calculated Risk.
The prime working age, defined as people age 25 to 54, is growing at about 0.5 percent per year.
The largest segment of the prime working age is adults between 25 and 29.
With these large cohorts moving into the prime working age - and the prime working age population growing again - this is a reason for optimism.
Advertisement
Related Stories
Market Data + Trends
Vacation and Investment Home Market Insights
A recent report finds beach homes to be the most sought-after vacation-home type and that the investment potential of a second home is an important factor in the purchasing decision
Affordability
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
Affordability
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable