A new report, Housing in America: The Next Decade, authored by John K. McIlwain, senior resident fellow, Urban Land Institute/J. Ronald Terwilliger Chair for Housing, cites four major U.S. demographic waves to watch: baby boomer, younger baby boomers, Gen Y and immigrants.

McIlwain said that economic and land constraints make it impossible for urban infill development to accommodate all the housing demand represented by all these demographic groups, and, a result, suburban development "must adapt or it will be obsolete." The suburban century is over. This is the urban century."

Read more at RISMedia.

Posted in Real Estate Industry Trends, Gen X-Y, National News

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