New family formation has run well ahead of construction, implying a continuing future need for more new housing units. At the same time, the continuing regional shift south and west, as baby boomers retire and otherwise flee high state and local taxes, will continue to create a demand for more housing in these destination regions. It would seem then that, unlike the artificial housing boom that led to the 2008-2009 financial crisis, strength at present has a solid base.

Read more at Forbes