The result will be a huge surge in economic growth, as population growth has historically been a major ingredient of GDP growth. Even Barron's has predicted that millennials could spur three percent plus economic growth for much of the next decade, as the baby boomers did in the 1960s and 1970s.
Confidence among builders jumped this month to the highest level in four years, and construction jobs are on the rise too. But housing markets are local. In some cities you hear the sweet sounds of hammers and backhoes, but others cities are silent.