click for ginormous map
Source: How Much
Last month, I noted the impact of “Millennials leaving the basement to buy homes. This points to a rise in spending on furniture, appliances, electronics and cars that will lift earnings and power stocks.” All of the data since then has confirmed that perception: Home sales among the younger generation are rising, with “peak rental” likely behind us.
The map above via How Much is fascinating — check out the parts of the country that are doing well . . .
Millennials Leave the Basement to Buy Homes (Bloomberg View, November 10, 2017)