Is population growth a good measure of demand? You can’t show up in the local census unless you actually land a place to live. The priced-out cohort seems relev

Is population growth a good measure of demand? You can’t show up in the local census unless you actually land a place to live. The priced-out cohort seems relevant. Meanwhile fertility among the adult incumbents does raise the population, even though those children won’t demand housing units for at least 18 years. Maybe San Francisco has added a bunch of professionals living like college students while Atlanta has added a bunch of actual babies.