1. The Housing Sector, Interest Rates and Unemployment Examined
... homeownership rates; an aging housing stock (approximately 36% of existing home were built before 1960); and better financing options for buyers. The Homeownership Alliance predicts that these demand drivers will lead to 1.85 to 2.17 million new U.S. housing starts per year through 2013. In ... the largest population segments, roughly 76 million people, those born between 1946 and 1964, commonly known as "Baby Boomers," began to turn 60 years old. In fact, according to Summary and Highlights of the American Housing Conference, every 8 seconds someone turns 60. As it is, baby boomers make...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate