HOUSINGNEWS REPORT
MY TAKE
EVERY DECADE SINCE THE 1940s HAS 40–44 MILLION PEOPLE LIVING IN AMERICA FIGURE 1.1 2015 Population by Year Born EVERY DECADE SINCE THE 1940S HAS 40-44 MILLION PEOPLE LIVING IN AMERICA 2015 Population by Year Born
1990s CONNECTORS
1960s EQUALERS
5,000,000
1980s SHARERS
1950s INNOVATORS
US Born Foreign Born
1970s BALANCERS
2000s GLOBALS
4,500,000
4,000,000
1940s ACHIEVERS
3,500,000
3,000,000
2,500,000
1930s SAVERS
2,000,000
1,500,000
1,000,000
500,000
40 MILLION (56–65)
27 MILLION (66–75)
44 MILLION (26–35)
44 MILLION (16–25)
14 MILLION (76–85)
41 MILLION (36–45)
43 MILLION (46–55)
41 MILLION (6–15)
0
YEAR
Source: John Burns Real Estate Consulting, LLC calculations of US Census Bureau 2014 National Projections
Source: John Burns Real Estate Consulting, LLC calculations of US Census Bureau 2014 National Projections
in the 1970s, are willing to trade a large house for a home closer to work so they can be near their kids. While the percentage of 20- to 64-year-old women choosing to work has fallen 3 percent since 2001, the percentage of men has fallen 5 percent. The real estate needs of these 78 million women will vary. The one common thread will be how busy they are. 3. 8 million increasingly affluent immigrants. Clearly, elected officials can affect this dramatically. For example, three immigration laws in the 1980s gave rise to more immigration over the subsequent 20 years than
the prior 60 years. However, today’s immigrant tends to arrive on an airplane from China, Brazil and other countries where the economies have been booming. While most expect some slowing in those economies, the pent-up demand to move to the U.S. remains large. 4. 25.8 million newly formed households , 13.3 million of which will move to a household abandoned by someone who passes away or moves into an assisted living facility. The net gain will be 12.5 million households, which is an 86 percent increase over the paltry growth from 2005 to 2010.
The record number of people passing away has been one big reason that net household formation has been slow. Nonetheless, these 25.8 million want to live differently than prior generations, and will fill their homes up with all sorts of technology. While more people than usual have been living urban too, three times as many live suburban. 5. 62 percent of the growth heading south , where 42 percent of America currently lives. Plenty of jobs, affordable housing and warm weather will make Texas, Arizona, Nevada, Florida, Georgia, North
ATTOM Data Solutions • P11
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