 |
| |
Residential and
commercial development in the next 25 years will eclipse anything seen in previous
generations as the nation moves to accommodate rapid population growth, according to the
Brookings Institution.
About half the homes, office buildings, stores and factories that will be needed by 2030
don't exist today according to Arther C. Nelson, author of the report for Brookings. The
U.S. population is expected to increase 33% to 376 million by 2030, an increase of 94
million than in 2003.
To serve that population, almost 60 million housing units will have to be built. About 20
million of these units will replace destroyed or aging homes. In addition, half of the
largest metropolitan areas will have to add as much or more commercial and industrial
space as existed in 2000. Phenomenal growth in the South and West has turned deserts and
soybean fields into cities. These Regions, which face water limitations, will experience
the greatest surge in
construction in the next 25 years. If development patterns don't change, subdivisions will
continue to sprout on The U.S. will need 59 million new housing units by 2030,
2.2 million per year, farmland farther from metropolitan areas, requiring
more roads and sewer lines.
For generations, Americans favored single-family homes on larger lots. Development spread
to where land was cheaper but within commuting distance to jobs. Communities must decide
whether they want to develop policies consistent with those preferences or constrain them.
There are signs that people want more choices. Frustration with long commutes is mounting.
Downtown housing is enjoying a revival. Even suburbs are creating city-styled town centers
that combine stores, offices, condos and townhouses in a walkable environment. But change
is coming slowly and we are going to wind up with anywhere between 60% to 70% of
development occurring where it always occurred since WWII...on the outer edge.
|
| |
Here is a
breakdown by State of the current housing units, the number that will be lost and the
number of new units needed by the year 2030:
|
State |
Current
Housing Units
(As of 2000 Census) |
Housing
Units Lost
(Torn Down or Damaged
Beyond Repair Between 2000 & 2030) |
New
Housing Units Needed
(Between 2000 & 2030) |
Total
Housing Units By 2030 |
| Ala. |
1,963,711 |
369,315 |
928,696 |
2,523,092 |
| Alaska |
260,978 |
49,082 |
144,199 |
356,095 |
| Ariz. |
2,189,189 |
411,721 |
2,085,596 |
3,863,065 |
| Ark. |
1,173,043 |
220,614 |
645,034 |
1,597,463 |
| Calif. |
12,214,549 |
2,297,190 |
6,961,545 |
16,878,904 |
| Colo. |
1,808,037 |
340,038 |
1,324,038 |
2,792,037 |
| Conn. |
1,385,975 |
190,766 |
364,443 |
1,559,652 |
| Del. |
343,072 |
64,552 |
195,202 |
473,752 |
| D.C. |
274,845 |
51,690 |
36,431 |
259,585 |
| Fla. |
7,302,947 |
1,373,465 |
5,467,049 |
11,396,531 |
| Ga. |
3,281,737 |
617,196 |
2,088,852 |
4,753,392 |
| Hawaii |
460,542 |
86,614 |
198,904 |
572,832 |
| Idaho |
527,824 |
99,268 |
390,317 |
818,873 |
| Ill. |
4,885,615 |
850,830 |
1,811,438 |
5,846,223 |
| Ind. |
2,532,319 |
441,003 |
1,118,417 |
3,209,733 |
| Iowa |
1,232,511 |
214,642 |
395,247 |
1,413,117 |
| Kan. |
1,131,200 |
196,998 |
478,302 |
1,412,504 |
| Ky. |
1,759,927 |
329,297 |
797,355 |
2,218,985 |
| La. |
1,847,181 |
347,399 |
750,173 |
2,249,954 |
| Maine |
651,901 |
89,728 |
217,817 |
779,991 |
| Md. |
2,145,283 |
403,463 |
1,147,150 |
2,888,970 |
| Mass. |
2,621,989 |
360,891 |
780,544 |
3,041,642 |
| Mich. |
4,234,279 |
737,400 |
1,599,825 |
5,096,704 |
| Minn. |
2,065,946 |
359,784 |
1,125,465 |
2,831,627 |
| Miss. |
1,161,953 |
218,529 |
539,384 |
1,482,809 |
| Mo. |
2,442,017 |
425,277 |
1,091,492 |
3,108,232 |
| Mont. |
412,633 |
77,604 |
226,635 |
561,664 |
| Neb. |
722,668 |
125,853 |
314,335 |
911,150 |
| Nev. |
827,457 |
155,620 |
924,646 |
1,596,484 |
| N.Hamp. |
547,024 |
75,292 |
261,107 |
732,838 |
| N.J. |
3,310,275 |
455,626 |
1,188,979 |
4,043,628 |
| N.Mex. |
780,579 |
146,803 |
529,081 |
1,162,857 |
| N.Y. |
7,679,307 |
1,056,980 |
2,064,069 |
8,686,396 |
| N.Car. |
3,523,944 |
662,748 |
2,234,193 |
5,095,389 |
| N.D. |
289,677 |
50,447 |
92,668 |
331,898 |
| Ohio |
4,783,051 |
832,968 |
1,551,447 |
5,501,529 |
| Okla. |
1,514,400 |
284,813 |
716,079 |
1,945,666 |
| Ore. |
1,452,709 |
273,211 |
955,878 |
2,135,376 |
| Pa. |
5,249,750 |
722,576 |
1,344,395 |
5,871,569 |
| R.I. |
439,837 |
60,539 |
123,771 |
503,068 |
| S.Car. |
1,753,670 |
329,813 |
1,034,291 |
2,458,148 |
| S.D. |
323,208 |
56,287 |
140,667 |
407,588 |
| Tenn. |
2,439,443 |
458,786 |
1,442,234 |
3,422,891 |
| Texas |
8,157,575 |
1,534,195 |
5,833,877 |
12,457,257 |
| Utah |
768,594 |
144,549 |
702,883 |
1,326,928 |
| Vt. |
294,382 |
40,519 |
121,578 |
375,441 |
| Va. |
2,904,192 |
546,191 |
1,672,007 |
4,030,007 |
| Wash. |
2,451,075 |
460,974 |
1,589,579 |
3,579,681 |
| W.Va. |
844,623 |
158,848 |
234,216 |
919,991 |
| Wis. |
2,321,144 |
404,227 |
`1,039,379 |
2,956,296 |
| Wyo. |
223,854 |
42,100 |
95,507 |
277,261 |
| TOTAL |
115,904,641 |
20,087,433 |
58,939,060 |
154,756,268 |
| Source: Toward a New Metropolis: The Opportunity to Rebuild America,
Brookings Institution report by Arthur C. Nelson. Full report at: www.brookings.edu/metro |
|
Using the estimates above, each Housing Unit in the year 2030 will be occupied by an
average of 2.4 people, which is approximately the same ratio as today. |
For complete details and current interest rates e-mail :
Info@Mortgage2USA.com
or use our "Visitor Info Request Form".
|