1 / 8

Governor’s Task Force on Affordable Housing January 12, 2018

Governor’s Task Force on Affordable Housing January 12, 2018. Po. Population Change, 2010-2015. 2010-2015 Majority of the growth (88%) occurred in 7-county metro MN grew by 179,000 Hennepin and Ramsey added 98,000 jointly. Source: MN State Demographic Center Projections.

Jims
Download Presentation

Governor’s Task Force on Affordable Housing January 12, 2018

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Governor’s Task Force on Affordable HousingJanuary 12, 2018 Susan Brower, Minnesota State Demographer mn.gov/demography

  2. Po Population Change, 2010-2015 2010-2015 Majority of the growth (88%) occurred in 7-county metro • MN grew by 179,000 • Hennepin and Ramsey added 98,000 jointly

  3. Source: MN State Demographic Center Projections

  4. Yes, Millenials have been slower to buy homes Source: Tabulated by Minnesota State Demographic Center from Census Bureau data

  5. Steady march toward homeownership in the 20s and 30s Source: U.S. Census Bureau, 2016 American Community Survey

  6. Large share of younger and older adults with low incomes (<199% Federal Poverty Threshold)

  7. Takeaways Population momentum and international migration = strong growth outlook for the Twin Cities in the years ahead Uncertainties as Boomers “age” out of larger, family homes and Millennials seek to establish new ones Youngest adult generation is slowly moving toward homeownership; large generation; will be an increasingly diverse group (preferences for homeownership and economic resources will not be a given)

  8. Website: mn.gov/demography susanbrower@state.mn.us Twitter: @MN_StateData

More Related