Housing Giants - April 10, 2008 - (Page 27)

cross the U.S, as this chart shows. • Generations X and Y • Women • Latinos • Asians BABY BOOMERS The baby boom generation is typically defined as those born between 1946 and 1964. Following the Great Depression and the sacrifices of World War II, enormous pent up demand for young adults to start families was unleashed. By the end of the 1940s, about 32 million WWW.HOUSINGGIANTS.COM babies had been born in the decade, compared with 24 Million in the 1930s. In 1954, annual births first topped four million and did not drop below that figure until 1965, when four out of 10 Americans were under the age of 20. This post-World War II generation, some 80 million strong, comprises nearly 28 percent of the U.S. adult population. In 2011, the first baby boomers will reach the traditional retirement age of 65. Many will see their children leave the home for good over the next couple of decades. Retirement and the empty nest are typically signals that prompt many to sell their primary residence and downsize to a more affordable home or move to a warmweather retirement area. Every time the baby boomers go through a life transition phase, it has a huge impact on the economy, including the housing industry. This transition will be just as profound. GENERATION X Generation X is the name marketers and demographers have adopted to identify those born between 1965 and, roughly, 1980. The 48 million born during this period make up the baby bust that followed the baby boom and comprise about 22 percent of the adult population. 4.10.08.HOUSING GIANTS 27 http://www2.census.gov/prod2/decennial/documents/33973538v2p1ch2.pdf http://www.housingzone.com/article/CA6527427.html http://www.housingzone.com/probuilder/article/CA6506080.html http://www.history.com/minisite.do?content_type=Minisite_Generic&content_type_id=52500&display_order=2&sub_display_order=7&mini_id=52493 http://www.history.com/minisites/worldwartwo/ http://www.census.gov/popest/national/asrh/NC-EST2006-sa.html http://www2.census.gov/prod2/decennial/documents/21983999v2p1ch1.pdf http://www.census.gov/popest/national/asrh/NC-EST2006-sa.html http://WWW.HOUSINGGIANTS.COM WWW.HOUSINGGIANTS.COM

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Housing Giants - April 10, 2008 Contents Viewpoint News and Moves Market CEO Spotlight The New Housing Demographics

Housing Giants - April 10, 2008

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