The Demographics of Demand

Brief

The Demographics of Demand

October 15, 2015

Abstract

Over the next 15 years, whether the economy grows slowly or more quickly, the homeownership rate will continue to decline in the United States and the demand for rental housing will dramatically increase in many communities. African American households will fall further behind whites and other minorities in attaining homeownership, while seniors and millennials will join all age groups and racial and ethnic groups in competing for increasingly expensive rental housing. Why is this happening, what does it mean for different generations and ethnic groups, and what can policymakers do now to ease any negative impact that the new dominance of rental demand might have? Published in the October 2015 issue of Mortgage Banking.

Centers

To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.

LATEST IN Finance

To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.