Demand for housing isn’t slowing either. Baby Boomers currently own the largest share of real estate in the United States, but Millennials are now a larger population, and are in the prime home-buying stage of their life. In fact, 37% of all home buyers today are Millennials. That leaves us with a nationwide housing shortage of about 4 million homes, according to the federal government.
National events and demographic shifts like we are facing today can have a short-term impact on regional businesses and investments, but it’s important to stay the course. Don’t let the national and global political drama affect your local investments. The Dayton region is strong, growing, and not stopping anytime soon. If our business community and investors hold the line, look forward, and invest strategically, our region will succeed.
Chris Kershner is the Dayton Area Chamber of Commerce CEO and President.