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.
Advertisement
Related Stories
Economics
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Economics
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
Economics
NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon
Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic
