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Week of November 10, 2003

Front Page

Housing and Economics

* Ongoing Immigration Influx Adding to Housing Demand
* Eye on the Economy

Multifamily

* Immigration Favorable for Demand for Rental Apartments

Business Management

* Improved Business Systems Yield Increased Productivity, Profitability

Building Quality

* KB Home First Big Builder to Adopt Housing Quality Program Nationally

Research

* New Technologies Can Reduce Residential Energy Consumption
* LifeWise Home Accommodates Aging in Place

Seniors Housing

* Free Booklet, Web Site Offer Strategies for Aging in Place
* There Are Five Easy Ways to Integrate Aging-in-Place Into New Home Construction

Small Builders and Remodelers

* Reducing Overhead Can See Businesses Through Lean Times
* Some Prefer Field Employees, Others Like Trade Contractors
* Remodelers Earn Top Industry Designation From NAHB

Labor

* HBI Job Corps Students Participate in ‘Make a Difference Day’

Women's Council

* Educational Programs Can Spice Up Your Meetings

Commercial Builders

* Revision of MasterFormat for Non-Residential Specifications Entering Final Phase

Building Products

* Building Science Firm Offers Services to Production Builders

Building News Coast To Coast

Association News & Events

* Fire Relief Fund Announced by Southern California Builders
* Boost Your Marketing Through These Awards Programs
* Calendar of Events

NBN Back Issues

 

Ongoing Immigration Influx Adding to Housing Demand

The substantial influx of immigrants into this country over the next 10 years will help support demand for both rental and for-sale housing, NAHB economist Michael Carliner told the association’s Construction Forecast Conference last month in Washington, D.C.

The number of immigrants coming into the U.S. during the 1990s surpassed the expectations of the Census Bureau. Questions were raised about the sustainability of the strong influx of foreigners coming to the U.S. in the aftermath of the Sept. 11 terrorist attacks and the possibility of more restrictive immigration policies, but the trend appears to be continuing unabated.

Economists at NAHB watch immigration carefully because it is a significant factor in determining the increases in households that in turn affect housing demand.

“Immigrants typically provide an initial stimulus to rental markets for their first few years in the U.S.,” said Carliner. “After becoming established in the U.S., they become a major factor in the for-sale marketplace."


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Since the 2000 Census, he said, “it appears that immigration has accelerated, with a net of about 1.5 million new immigrants coming to this country annually since the beginning of this decade.”

Looking forward, NAHB forecasts a net annual average flow of up to 1.7 million foreign-born people between 2002 and 2012. The rising pace of baby boomer retirements in the period ahead is likely to increase the demand for workers, which will add to the economic and political forces supporting immigration.

Because of the demographic changes projected for the next decade, construction for single-family homes is expected to be even stronger than it was in the 1990s.


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