The Changing Demographic Base of Housing Demand

This account of demographic forces affecting future housing demand is rendered in three parts. The first focuses on the projected decline in the number of young adults whose increase in the past two decades was a major factor in household formation. The second describes the slowing growth of households, the demand units for housing. The third portrays the continued shift in the composition of households in disfavor of the conjugal family, once the main source of rising demand for housing and especially for home ownership.