America’s housing market was built around the idea of family formation: get married, buy a home, raise kids. But what happens when people stop following that script? In this episode, we explore how delayed marriages, lower fertility rates, and changing preferences are reshaping housing demand. With fewer young households forming and more adults staying renters longer, the real estate industry may be facing a demographic slowdown that policy alone can’t fix. Experts warn: the next big housing crisis might not be about affordability—but about birth rates.

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