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Immigrant Home Demand
March 1, 2002
Professional Builder
Census Bureau figures demonstrate just how massive the influx of immigrants has been in the United States. Today, 11% of all households are headed by foreign-born individuals.
On average, the rate of homeownership among nonnative residents rises dramatically after they live in the U.S. for a decade. Approximately 7.6 million immigrants came here from 1991 to ’98, setting the stage for a boost in new home demand across many market areas in coming years.
© 2008, Reed Business Information, a division of Reed Elsevier Inc. All Rights Reserved.