September 2024 Monthly Newsletter

Welcome to the September 2024 edition of our monthly newsletter. This month, we share highlights from a recent John Burns Demographics insights presentation.

The Largest One-Year Increase in US History

An immigration surge fuels a short-term US population boom, impacting all sectors of the economy, including housing, for years to come. This has a positive impact on housing demand. John Burns is currently measuring housing undersupply at 1.7mm units.

Long Term US Population Projections

US births have trended down steadily for the last decade. The gap between births and deaths is projected to shrink long-term unless US birth rates rise. This could potentially have a negative effect on long term housing demand.

Long Term US Housing Demand Projection

Parents Help 2 in 5 Gen Z Households Buy and Rent Homes

Another potentially positive effect for housing demand is the transfer of wealth that is occurring. 42% of Gen Z homeowners reported receiving financial assistance from family for living expenses. 40% of Gen Z renters reported the same. Single family homes has historically been a convenient and attractive vehicle for the general population to invest and protect capital. It offers depreciation and expense pass through while capturing annual appreciation.

We hope you've enjoyed the September edition of our newsletter. To obtain more detail regarding the data above, we encourage you to reach out to John Burns Research and Consulting: https://jbrec.com/