Pub. 3 2018 Issue 4

14 www.ctaahq.org D emographic trends have made it clear that the U.S. needs more affordable multifamily housing to be built in the years to come. According to numbers published by the U.S. Census bureau in 2014, and analyzed by the Pew Charitable Trusts, there are two basic population trends in the U.S. that will continue for a while: • The baby boom generation is going to continue to age and die. • Immigrants are going to continue moving to the U.S. Between 2027 and 2038, the number of immigrants is going to be larger than the number of U.S. deaths, which means population as a whole will increase despite the declining numbers of baby boomers. What were the other important trends that were identified by the Pew Charitable Trusts? • The traditional gateways into the U.S. have been states such as New York, New Jersey, Florida, Illinois, Texas, and Cal- ifornia. However, many immigrants currently are coming into the U.S. in the Southeast and the Pacific Northwest. • The U.S. population is declining the most in the middle section of America, starting roughly in North Dakota by the Canadian border and extending all the way down through the western side of Texas. • Population growth in the Mountain States, Pacific Northwest, and the Sun Belt has taken place because of immigration. The Argument for Multifamily Housing