| January 14, 1998 |
|
As the homebuilding industry struggles with its crystal ball to predict the homebuyer of the future and to produce the appropriate housing for that market, some interesting statistics on household characteristics are providing sources of information as well as inspiration. While the baby-boomer market is at its heaviest market weight and spending power, homes are reflecting the trend by increasing in size and stature, but that demographic is far from telling the whole story on American households. By U.S.Census definition, a "household" is an individual or a group of people who occupy a housing unit, whereas a "family" is a group of two or more people -- one of whom is the householder -- who are living together and who are related by birth, marriage, or adoption. But major sociological trends -- such as a 50 percent divorce rate, same-sex marriages, the "graying" of America, singlehood, and other trends -- are affecting our ideas of what constitutes the family/household. One thing is certain: Our society is no longer dominated by the traditional "nuclear family" composed of mother, father, and two children. That shift away from tradition opens the front door to some interesting speculations about the housing of the future. If housing can accurately reflect occupant demographics, soon we may see a reversal of the trend toward bigger and better housing. During the last 25 years, families have reduced in size by a person and a half. Households occupied by one person represent one-quarter of the market. Single-parent families are increasing yearly, with attendant loss of income and purchasing ability. Among the more interesting statistical data recently compiled by the U.S. Census Bureau that may affect the "universal" home of the future: Singles, by choice or otherwise:
Marrieds :
Children:
General occupants:
According to these statistics, the consumer for the four- and five-bedroom home is rapidly dwindling, but what building trend will take its place? Two-bedroom condominiums, anyone? |
With an award winning staff of writers providing up to the minute real estate news and advice, thousands of REALTORS® in North America reporting daily market conditions, and a nationally broadcast television news program, Realty Times is the one-stop shop for real estate information. That's why over 10,000 real estate professionals have turned to us for their publicity needs.