September 01, 2010

Updated 2010-2020 Household and New Home Demand Projections

George Masnick, Daniel McCue, Eric Belsky

W10-9: Given the prolonged period of high unemployment and the possibility that it will influence headship rates and household growth, this working paper explores a variety of alternative headship rate assumptions to arrive at a new set of low and high household growth projections, and incorporates revisions to programming used to project household growth. A low headship scenario is also presented to explore what would happen if headship rates by each age fell to three-year average lows they experienced at any time since 1980. Because household growth is the cornerstone of new home demand, updated new home demand projections are also presented...

Category: Working Papers

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