Even as the U.S. economy has been largely crippled by the COVID-19 pandemic, the housing market is booming and likely the strongest component of the economy. Housing was surging prior to the pandemic too. Ivy Zelman of Zelman & Associates, featured on page 48 of the month’s edition, points to mortgage purchase origination data that shows half of those purchases are being made by people age 35 or younger. That’s right, millennials and Gen Z. This trend has been playing out for the past five years, she says, and the starter-home market is where the demand is strongest. Many of those young people are headed to the exurbs that ring metropolitan areas. In a reversal of fortune, there is a de-urbanization trend under way.