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Industry Forecasts. FACTORS EFFECTING DEMAND. POPULATION GROWTH HOUSEHOLD FORMATIONS EXISTING HOUSING OBSOLESCENCE FORECLOSURE OVERHANG NEW JOBS APARTMENT OCCUPANCY INTEREST RATES. POPULATION . FORECLOSURE OVERHANG. Serious delinquent 5,000,000 1,360,000 1,061,000 - 22%
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FACTORS EFFECTING DEMAND POPULATION GROWTH HOUSEHOLD FORMATIONS EXISTING HOUSING OBSOLESCENCE FORECLOSURE OVERHANG NEW JOBS APARTMENT OCCUPANCY INTEREST RATES
FORECLOSURE OVERHANG Serious delinquent 5,000,000 1,360,000 1,061,000 -22% Foreclosure 2,350,000 1,400,000 939,000 -33%
What’s the Industry Outlook for ‘15 & ‘16??? 2015 – 85,000 HUD Units 2016 – 95,000 HUD Units From 2012 – 2016 Industry Growth of 73%