Aurora Business

FILE - In this Tuesday, Feb. 2, 2016, file photo, a "Sold" sign sits in front of a house under the final stages of construction in Plano, Texas. Fewer Americans purchased new homes in October, but sales are still much stronger than in 2015, a positive sign for the housing market, according to the Commerce Department, Wednesday, Nov. 23, 2016. (AP Photo/LM Otero, File)

“The large millennial generation is expected to provide further demand for single-family housing as older millennials form families at an increasing rate,” said David Berson, chief economist at the insurance company Nationwide. “Historically, there is a significant uptick in homeownership at the age of 35 – an age that the oldest millennials are reaching now.”