1. "Household" is not the right unit of analysis, since a household is defined as the set of people in an existing home. Some of these include adults who would like to move out, creating a new household not accounted for in your denominator.
2. According to the U.S. Census Bureau, the average American moves approximately 11.7 times throughout their lifetime. In other words, current homeowners generate demand for housing just as non-homeowners do.
1. "Household" is not the right unit of analysis, since a household is defined as the set of people in an existing home. Some of these include adults who would like to move out, creating a new household not accounted for in your denominator.
2. According to the U.S. Census Bureau, the average American moves approximately 11.7 times throughout their lifetime. In other words, current homeowners generate demand for housing just as non-homeowners do.