Housing Market Isn't Slowing Down, ADP's Richardson Says

The video discusses the divergence in the housing market narrative, challenging the idea that the market is slowing down. It highlights structural issues in housing supply, exacerbated by the pandemic, and notes the chronic undersupply of affordable housing. The formation of new households, particularly among millennials, is increasing demand, which may sustain rental prices and impact inflation.

What is the significance of the new households being formed in relation to housing demand?

What trend is expected for rental prices in the near future?