Why is this important?
Estimates of housing needs are important for shaping and implementing public policies regarding housing, and needs are informed by a variety of sources, including demographic trends [i]. Housing needs vary by household types, and an existing housing stock may no longer be an appropriate fit for increasingly diverse households [ii]. An increase in single person households may indicate a need for additional one and two bedroom units. An increase in households with children might indicate demand for housing near schools and other community amenities, or for housing that accommodates extended and multigenerational households [ii]. As the population ages and household dissolution outpaces household creation for adults in their sixties, an increase in the percentage of households with one or more members age 65 years or older indicates a need for housing that is accessible and affordable [iii].
[i] Myers, Dowell, John Pitkin, Julie Park. “Estimation of Housing Needs amid Population Growth and Change.” Housing Policy Debate. 13.3 (2002). http://www.tandfonline.com/doi/pdf/10.1080/10511482.2002.9521455?needAccess=true
[ii] Zonta, Michela. “Housing the Extended Family.” Center for American Progress, 2016. https://cdn.americanprogress.org/wp-content/uploads/2016/10/18155730/ExtendedFamilies-report.pdf
[iii] Pendall, Rolf, Lesley Freiman, Dowell Myers, Selma Hepp. “Demographic Challenges and Opportunities for U.S. Housing Markets.” Bipartisan Policy Center, 2012. http://www.urban.org/sites/default/files/publication/25166/412520-Demographic-Challenges-and-Opportunities-for-U-S-Housing-Markets.PDF