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Immigrants Likelier to Move to Single-Family Over Time
Significantly more U.S. immigrants live in multifamily housing than the rest of the population, but their age and the amount of time they have spent in the country determine their likelihood of living in a single-family residence, according to recent research from housing analysts at NAHB.
A March 2006 Supplement of the Current Population Survey, which is published jointly by the Bureau of Labor Statistics and the Census Bureau, provides some interesting insights into the housing choices of the immigrant population, according to the NAHB economists. Among those findings:
- A far greater percentage of immigrants (43%) live in multifamily units than non-immigrants (23%).
- The longer immigrants live in this country, the more likely they are to live in a single-family residence. The only exception is those who are 65 or older who have been in this country for 10 to 20 years. During their first decade of living in this country, 57% of immigrants reside in a multifamily unit. However, by the time they have been here more than 20 years, the percentage of multifamily residents drops to 32% of immigrants. The major factor is most likely increased income and wealth over time, according to the researchers.
- The younger immigrants are when they enter the country, the more likely they are to eventually live in a single-family home as they age (at least until reach 65). Those in the rest of the population are also increasingly likely to decide to live in a single-family home as they age until they are 65 or older.
For more information, visit HousingEconomics.com.
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