In the first of a two-part series, PlaceMakers’ Ben Brown interviews housing guru Arthur C. Nelson on the sweeping demographic changes complicating the housing market.
A few highlights from the U.S. housing market:
- Home ownership peaked at 69% in 2005
- Single family detached housing grew half as quickly in the 2010s as it did in the 2000s
- The demand for smaller rentals in walkable places is growing
- Covid destabilization continues with encampments of unhoused residents
“We’re already seeing impacts of a supply-demand imbalance in popular metros struggling with housing affordability. We tend to frame the crisis in terms of economic inequality. And that’s certainly the case. But we haven’t been paying enough attention to sweeping demographic changes already in motion that are driving the challenges and that are likely to complicate everything.”
More at the source article below.
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