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Housing Market Trends – New Report | International Residential Real Estate Investors Association
Thursday June 29th 2017

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Housing Market Trends – New Report

2010 continues to be full of interesting news for those of us in the rental business and especially multifamily.  Here are facts to get your attention:

  • 50% of new household formed over the next decade will be multifamily.  Please note that this is multifamily and not rental alone.
  • By the end of the decade home ownership will be less than 62% down from 69% in 2005.
  • 77% of Gen Y / Echo boomers prefer urban living.
  • Rental demand is anticipated to move up sharply in 2010.
  • The U.S. is on a path to 438 million by 2050 from 310 million today.
  • Housing density has moved downward since 1940, but recently has ticked upward.  This trend in the future is not clear, but the square footage per resident is expected to continue to trend downward as the urban trend gains momentum.
  • Demand is expected to far outstrip supply in major market urban centers.
  • The big winners are expected to be the largest metro areas including NYC; Washington, DC; Atlanta; Miami; Houston, San Francisco; etc.

The sources for this information are University of Utah, the Urban Land Institute, the Department of Commerce, and the Census Bureau.

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3 Responses to “Housing Market Trends – New Report”

  1. [New blog]: Housing Market Trends – New Report http://bit.ly/9gg807

  2. Oral HCG says:

    That is quite helpful. It gave me a number of ideas and I’ll be writing them on my web site soon. I’m bookmarking your blog and I’ll be back again. Thanks again!

  3. Jay Baade says:

    As a Newbie, I am always searching online for articles that can help me. Thank you

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