This chart helps explain why the U.S. housing market is looking a bit soft after strong growth in 2012 and 2013. It shows that the number of employed people aged 25 to 34—prime candidates for buying houses—is lower now than it was in the 1980s. It’s hard to expect much of a lift for housing amid a dearth of fresh, real demand—not just demand from investors and speculators.
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