Demographic Shifts Could Lead To Household, Construction Boom In The South
By Bryan Davis
The Southeast is positioned to see tremendous growth in both population and housing over the next 10 years.
According to Chris Porter, co-author of Big Shifts Ahead: Demographic Clarity for Business (co-authored with John Burns), the trend of migration toward the sunbelt states has been happening for a while, but this could increase exponentially over the next decade for a variety of reasons.
“We think it is going to accelerate mostly because you have an older population in the Midwest and the Northeast – those are generally colder areas – and they are in search of warmer areas as they retire,” Porter said in a recent interview with the Alabama Center for Real Estate.The number of Americans age 65 and older is expected to increase 38 percent over the next decade, with more than 66 million Americans having reached their 65th birthday.
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