New household formation since the financial crisis
Homeowners have been outpacing renters since 2016
-600,000
-400,000
-200,000
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,000
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
New owner households
New renter households
