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Stop feeding them cheese!
There are still over 3 million "extra" young adults living at home. If they all enter the housing market over the next 15 years, that would boost housing demand by 200 thousand per year. A reason to be secular bullish on housing. But again the pace is likely to remain slow to moderate.
Who owns US government debt?
China, the world’s second largest economy, is the world’s biggest single country foreign owner of US government debt. Pensions & Insurers (17.4%), mutual funds & ETFs (12.7%) and the Federal Reserve (12.6%) hold the most securities outright.
Commercialized building sales continue to decline in China