Economics, Econometrics and Finance
8 years ago

Baby boomers driving demand for denser, walkable homes in urban areas

Housing Policy Debate
Current preferences and future demand for denser residential environments
Dowell Myers, Elizabeth Gearin

Paper Summary

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The article looks at the demand for more compact, walkable neighborhoods in the US. Older households, aged 45 and above, are increasingly interested in living in denser, centrally located homes. This trend is expected to continue, with this age group driving the growth in housing demand. By 2010, home buyers aged 45 and older who prefer denser housing options will make up 31% of total homeowner growth, double their market share in the 1990s.