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New Home Insights Podcast
Episode 93: Shifting Foundations: A Deep Dive into Demographics and Housing
May 10, 2024
Chris Porter and Eric Finnigan from John Burns Research discuss how demographics shape the housing market. They cover trends like immigration impacts, changes in housing preferences due to delayed life milestones and COVID-19, and the wealth transfer effect on the housing market.
43:58
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Quick takeaways
- Demographics are pivotal in shaping housing trends and preferences over the next decade.
- Remote work has fueled migration to suburbs for affordable housing options and spacious layouts.
Deep dives
The Influence of Demographics on Housing Demand
Understanding demographics is crucial in comprehending housing demand. Demographics impact choices around housing, household expenses, and the number of people in a residence. By analyzing demographics, a more informed view of housing trends over the next decade or even longer can be achieved. The study of demographics involves looking at 10-year cohorts based on birth decades, leading to a more detailed understanding of how generations shape housing preferences.
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