I'm surprised the numbers aren't higher considering the number of would be now home buyers who were unfortunately aborted (against their will) by their mothers.
What's going to happen when our parents and grandparents start passing. The reproduction rate has been on the decline with the only factor keeping the real estate industry strong being immigration both legal and illegal.
Someday there is going to be one heck of a lot of empty houses.
Nah, we'll just keep importing immigrants. There are now a heck of a lot more people in the US than there have ever been.
And when we kick out 20 million illegals, that's a LOT of empty houses -- like 10 or 20. :-)