Strong growth in minority and immigrant homeownership is likely to help
"Fears that the baby bust would mean disaster for the housing market
It has been commonly accepted that housing demand will be weak in the
Besides being a smaller group, today's twentysomethings are forming
But in their report, Harvard University researchers say that minority
So will baby boomers who trade up to larger homes and buy second homes.
Population growth is expected to slow from 1.05% annually today to 0.8%
Much of the slowdown will be among whites, whose birth rate is projected
"Immigration, however, remains a powerful countervailing force to this
During the 1990s immigrants-most between the ages of 15 and 45-have
Most immigrants this decade have been nonwhite, and that pattern will
The immigration pattern, combined with higher population growth for
Minority groups also have increased their homeownership rates faster
Between 1993 and 1996, an additional 460,000 Hispanic households became
An additional 352,000 black households bought homes during this period-
And the population of the "other" category, which includes Asians and
During the same period, 2.4 million white households joined the
Minority homeowners made up almost a third of the 3.4 million additional
Homeownership rates still are highest among whites. In 1996 71.6% of
If current trends continue, most of the population growth will be in the
Between 1990 and 1996, the nation's 265 medium-density and 417 low-
The nation's 38 high-density counties grew by 460,000 residents. Indeed,
Nonmetro counties added 3.6 million residents. Most-a total of 1.96
The largest gains were in areas adjacent to metropolitan borders and in