(Bloomberg) -- A record increase in owner-occupied households is a plus for the U.S. economy. Census Bureau data for June show an increase of 2.3 million from a year earlier to an all-time high 121.3 million. The data suggest demographics are favorable for the property market. Millennials coming of age in today's strong job market could be spurring the growth.
To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net
To contact the editors responsible for this story: Kristy Scheuble at kmckeaney@bloomberg.net, Vincent Del Giudice
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