America Household Demographics and the Housing Market

The composition of the American household, from a macro perspective, drives or should drive the housing market. The composition is described by the U.S. Census Bureau’s annual data report in its American Community Survey. The housing industry’s response to household composition, directly and indirectly, informs the number, type and location of new dwellings built, the number of existing dwellings bought and sold, the extent to which housing is affordable and the level of attention given to improving blighted neighborhoods.