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Changing homeowner demographics

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Changing homeowner demographics

By 2020, remodelers will be able to draw upon an additional 22.2 million net new homeowners.


By Kimberly Sweet, Editor August 31, 2002
This article first appeared in the PR September 2002 issue of Pro Remodeler.


By 2020, remodelers will be able to draw upon an additional 22.2 million net new homeowners, according to The State of the Nation’s Housing 2002 from the Joint Center for Housing Studies of Harvard University (www.jchs.harvard.edu/publications/markets/Son2002.pdf). Minority homeowners will increase by 10.4 million, while nonfamily homeowners will increase by 7.8 million.


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