Industry NewsOpinion

U.S. immigration keeps real estate in high demand

Perspective: But weak economy could impact boom
Published on Jul 14, 2005

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by CareyBot

Assuming three people per household (once they get settled), immigration creates the need for 300,000 more housing units every year. The United States is experiencing a tremendous wave of immigration, with the number of immigrants increasing steadily since the 1930s. Over the last two decades, the country has recognized an average of nearly 900,000 legal immigrants per year (400,000 new arrivals and 500,000 status adjustments), in comparison to just 450,000 per year during the prior two decades. These new arrivals tend to settle in large numbers in just a few states ...

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