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Demographic Effects on Household Formation Patterns

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Abstract

This paper shows that part of the changes in household formation patterns in the United States can be attributed to changes in the demographic composition of the population. Influential factors include the increasing proportion of elderly in the population and the aging of the baby boom generation. The proportion living alone is expected to rise, the proportion sharing quarters with unrelated persons is expected to fall, and the numbers of persons choosing each of those living styles will rise. In addition, dramatic increases in the demand for both owner-occupied and renter-occupied housing for one-person households are predicted.

Suggested Citation

  • Karen Leppel, 1991. "Demographic Effects on Household Formation Patterns," Journal of Real Estate Research, American Real Estate Society, vol. 6(2), pages 191-206.
    • Handle: RePEc:jre:issued:v:6:n:2:1991:p:191-206
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    File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol06n02/v06p191.pdf
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    References listed on IDEAS

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    1. Karen Leppel, 1986. "A Trinomial Logit Analysis of Household Composition," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 14(4), pages 537-556, December.
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    Cited by:

    1. Gary Painter & Zhou Yu, 2012. "Caught in the Housing Bubble: Immigrants' Housing Outcomes in Traditional Gateways and Newly Emerging Destinations," Working Paper 8953, USC Lusk Center for Real Estate.
    2. Gary Painter & Zhou Yu, 2014. "Caught in the Housing Bubble: Immigrants’ Housing Outcomes in Traditional Gateways and Newly Emerging Destinations," Urban Studies, Urban Studies Journal Limited, vol. 51(4), pages 781-809, March.
    3. Mark J. Eppli & Monty J. Childs, 1995. "A Descriptive Analysis of U.S. Housing Demand for the 1990s," Journal of Real Estate Research, American Real Estate Society, vol. 10(1), pages 69-86.
    4. Zhou Yu & Dowell Myers, 2010. "Misleading Comparisons of Homeownership Rates when the Variable Effect of Household Formation Is Ignored: Explaining Rising Homeownership and the Homeownership Gap between Blacks and Asians in the US," Urban Studies, Urban Studies Journal Limited, vol. 47(12), pages 2615-2640, November.

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    1. Zhou Yu & Dowell Myers, 2010. "Misleading Comparisons of Homeownership Rates when the Variable Effect of Household Formation Is Ignored: Explaining Rising Homeownership and the Homeownership Gap between Blacks and Asians in the US," Urban Studies, Urban Studies Journal Limited, vol. 47(12), pages 2615-2640, November.

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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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