Housing Giants - April 10, 2008 - (Page 30)

men’s median income has barely budged, according to ReachWomen, a marketing consulting firm that advises clients on the behavior of women as consumers. In addition, having longer average life-spans than men, women frequently outlive their husbands. As a result, by 2010, two-thirds of all private wealth in the U.S. will rest in women’s hands, according to “Generations at Work: Managing the Clash of Veterans, Boomers, Xers, and Nexters in Your Workplace,” a book released by the American Management Association. IMMIGRANTS FUELING POPULATION GROWTH Immigration rates, legal and illegal, have shot up in the past couple of decades and account for a significant share of U.S. population growth. New immigrants net household growth in the future will likely match that of 1995 to 2005 — a third, according to the report “State of the Nation’s Housing 2007” by the Joint Center for Housing Studies at Harvard University. “Overall immigration is on course to hit a record-setting 12 million between 2005 and 2015,” the report says. “The children of immigrants born in the United States will also add significantly to household growth. As a result, the foreign 30 HOUSING GIANTS.4.10.08 Research by Reach Advisors shows the annual birth ra 1965 and 1980 — is 15 percent less than it’s been for b born are increasingly vital to the housing market, representing some 14 percent of recent home buyers and 18 percent of renters in 2005.” Hispanics comprise the largest immigrant group. The Hispanic population now stands at 46 million, or 15 percent of the total U.S. population, and is projected to rise to 54.7 million by 2012, when it will be 17 percent of the total population, according to the Harvard study. Many of these immigrants are not fluent in English. WWW.HOUSINGGIANTS.COM http://www.amazon.com/Generations-Work-Managing-Veterans-Workplace/dp/0814404804 http://www.amazon.com/Generations-Work-Managing-Veterans-Workplace/dp/0814404804 http://www.amazon.com/Generations-Work-Managing-Veterans-Workplace/dp/0814404804 http://www.amanet.org/ http://www.amanet.org/ http://www.jchs.harvard.edu/publications/markets/son2007/son2007.pdf http://www.jchs.harvard.edu/publications/markets/son2007/son2007.pdf http://www.jchs.harvard.edu http://www.jchs.harvard.edu http://www.jchs.harvard.edu http://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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