MBA Warns US Housing Demand Will Slow Over Next 10 Years

3 articles · Updated · Fox News · Jul 2

A new Mortgage Bankers Association report says the US housing market is nearing a demographic turn after more than a decade of demand outstripping supply.
Slower population growth, lower birth rates, an aging population and reduced immigration are expected to leave fewer people looking to buy or rent homes over the next decade.
That shift could leave some markets with more homes than buyers if construction keeps rising, slowing home-price gains, giving buyers more choice and making it harder for sellers to command higher prices.
Texas, Florida and Arizona could see softer prices as supply expands, while parts of the Northeast and Midwest may keep stronger price appreciation because new construction remains constrained.
The report also rejects a sudden Baby Boomer 'silver tsunami,' saying those homes should reach the market gradually rather than trigger an abrupt glut.