What Is Household Formation?

Could the lock in environment where it's like, I can't move anywhere because I don't want to give up my mortgage and markets terrible? Could that sustain renovation activity? That is certainly an option that that could happen right now. So when I mentioned the four pillars at the top, one of them was demand. And when I say demand in this context, I mean household formations. In 2019, we're looking at how those headship rates evolve, in particular by age. The steepest part of that slope is as people move through their 20s and early 30s,. starting with a heavier roommate environment towards a lesser roommate environment in general.