In 2Q 2023, household formation in the U.S. reached its highest point since Covid struck, according to a new study of the multifamily capital markets by Newmark. The number of new households established rose by 1.2 million in the quarter, increasing the total for the year to 2.1 million.

“Household formation is thus trending upwards and running consistently above the pre-pandemic average, which should support housing demand,” Newmark said.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.