Population Change as Related to Long-term Cycles in Residential Construction in the United States

• Author(s): Thomas C. Marcin,
• Publisher: U.S. Department of Agriculture, Forest Service, Forest Products Laboratory
• Pages: 12
• Language: en

Description:... Major demographic changes have occurred in the U.S. that will significantly affect future demand for housing and economic growth. Net household formation is at a peak now because of the baby boom of the last generation. Current job and housing demands by young adults will continue for 10 years and then reverse as the impact of the current declining birth rate is felt. This paper analyzes the potential effects of population growth rate and age structure on potential housing demand, based on three alternate assumptions for population and economic growth. (Author).