To borrow a quote that popped up frequently during the latest election cycle, “Demographics are destiny.” As we approach the ten-year mark of the post-recession recovery, concerns over population growth and its impact on real estate markets continue to cast a shadow over the economy. The U.S. population exceeded 324 million in 2016, a 9.1 percent increase over the past decade. The curve has trended steadily upward, even through the Great Recession.
Even as the population has grown, the number of households has declined, especially in the wake of the recession.
Read more...Demographics, Destiny & Multifamily: The 2017 Outlook
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