Twelve Charts This Week - 3/8/2024

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As baby boomers age and pass away, they will leave behind a large number of homes across the country, adding to the inventory of homes for sale. But this supply of homes does not match geographically the demand for homes, which means that it may depress prices in regions where demographic growth is weak or negative. This chart from Lance Lambert estimates the DECLINE IN BOOMER HOMEOWNER HOUSEHOLDS, which is the same as the increase in the supply of boomer-vacated (or boomer-sold) homes. In 2035, there will be a fresh supply of 1.2 million homes for sale. Consider for context that there are approximately 6 million homes sold in the US every year, and that the ongoing number of existing homes for sale, aka housing inventory, is now about 1 million. (via @NewsLambert and Freddie Mac)