5 Trends in Housing

Trend 1: Fewer Americans believe home ownership is essential in being part of the middle class.

Image_01.png

Trend 2: People want to live in walkable neighborhoods with close access to work, retail, entertainment, recreation, restaurants, schools, and transit.

Image_02.png

Trend 3: Household sizes are getting smaller.

Image_03.png

Trend 4: Generation Y are willing to live in smaller homes, in return for shorter commutes and walking & biking distance to major amenities.

Image_04.png

A 2009 American Housing Survey conducted by the US Department of Housing and Urban Development shows the median square foot per person is much less than the median square foot of a home.
Image_05.jpg

Given that the average household sizes are declining, it is appropriate to consider what sort of housing to design for the future.

Trend 5: Multifamily housing is booming across the US.

The chart below shows the percentage of multifamily housing units being constructed compared to the overall housing being built across the United States.
Image_06.pngImage_07.png
Overall, existing data and trends show demographic shifts of families, household sizes, and urban lifestyle preferences. As the real estate market changes, these trends call for diversified housing choices which meet the needs for the future generations of Americans.

Sources:

Trend 1:

Trend 2:

Trend 3:

Trend 4:

Trend 5:

Be the first to comment

Please check your e-mail for a link to activate your account.

Ask City Council to Make Housing a Priority!

connect

get updates