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Stock impact report

What Does Out-Of-Reach Homeownership For Gen Z Mean For The Country? [Forbes]

Tri Pointe Homes, Inc. (TPH) 
Last tri pointe homes, inc. earnings: 4/23 04:05 pm Check Earnings Report
US:NYSE Investor Relations: tripointegroup.com/investors/overview
Company Research Source: Forbes
purchasing a home in the next five years,” declared an August Clever Offers study of these young prospective buyers. The home sellers' marketplace noted that 90% of these young adults, the oldest of whom are turning 28 this year, want to own a home someday, but 62% worry they never will. The National Association of Realtors agreed: “Today's young adults continue to face delays in homeownership compared to past generations at the same age,” the trade group observed in a January economic outlook , adding, “Not only is the homeownership rate lower for those under 35 today compared to past generations, but the first-time buyer share is lower, and the age of first-time buyers is older than seen historically.” The report suggested, “This represents a decade of lost housing wealth gains for homeowners.” Contributing Factors That's bad news for Generation Z adults like Jack Kelley's friends. The senior consulting associate at real estate analysis firm John Burns Research & Consulting ra Show less Read more
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