Jason Hartman talks with Chris Porter, Senior Vice President & Chief Demographer at John Burns Real Estate Consulting, about what trends their company has been seeing. There have been some profound shifts in the way that Americans want their communities, what they’re looking for in a house, and whether they even WANT to own a house.
[2:30] The labor shortage in construction right now is a great opportunity for new technology to come into the market
[7:50] Some developer trends going on right now
[11:49] The current housing trends of Millennials and Baby Boomers
[15:16] Are the insititutional investors here to stay?
[19:50] Chris’ prediction on home ownership rates has been somewhat right. Why he thinks it wasn’t completely acurate
[24:43] Why the way generations are widely defined make no sense