Brief The Demographics of Demand
Laurie Goodman
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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.

Research Areas Wealth and financial well-being Families Race and equity Housing finance Housing
Tags Asset and debts Family and household data Racial and ethnic disparities Housing markets Housing and the economy Multifamily finance Single-family finance Agency securitization Homeownership Multifamily housing Retirement Housing affordability Wealth inequality Mobility Finance Racial barriers to housing Racial homeownership gap
Policy Centers Housing Finance Policy Center