Friday, 14 April 2017
By Filip Blazheski
In this brief, we analyze the trends that will drive the demand and supply for multifamily and single-family housing over the next 10 years.
In recent years, the demand for multifamily housing relative to single-family housing has peaked, as younger Millennials opt to rent in densely populated cities. As downsizing Boomers transition to these properties, the market for multifamily homes will continue to intensify—a significant future trend given the size of this cohort. Among older Millennials starting families, single-family housing will continue to remain strong.
The decline in female labor force participation isn’t solely attributed to motherhood—but the reasons why women are leaving the workforce differ for married and unmarried women, with and without children.
Stereotyped as “clueless,” “brainy,” and “self-obsessed,” Millennials are by no means homogenous. However, in terms of economic opportunity, Millennials are still lagging behind other generations.