2 Billion New Homes Over The Next 80 Years!

[Pavel + 384]

According to the UN, the global population is set to reach over 11.2 billion by the year 2100, up from the current population which was estimated at the end of 2017 to be 7.6 billion. As more developing countries deliver infrastructure and progress similar to developed countries – improving the standard of living and extending life expectancy – household sizes will decrease, placing greater demand on supply of new housing. So if this difference between household demand and population growth occurs globally at around 7-8% over the next 80 years, this will require an additional 800m homes.Taking an average global three-person household (1.2 billion homes) coupled with that 8% demographic factor of total global population over the period results in a need for more than two billion new homes by the end of the 21st century!

[Rodent + 1,424]

On 3/2/2018 at 10:49 AM, Pavel said:

According to the UN, the global population is set to reach over 11.2 billion by the year 2100, up from the current population which was estimated at the end of 2017 to be 7.6 billion. As more developing countries deliver infrastructure and progress similar to developed countries – improving the standard of living and extending life expectancy – household sizes will decrease, placing greater demand on supply of new housing. So if this difference between household demand and population growth occurs globally at around 7-8% over the next 80 years, this will require an additional 800m homes.Taking an average global three-person household (1.2 billion homes) coupled with that 8% demographic factor of total global population over the period results in a need for more than two billion new homes by the end of the 21st century!

so we will see the tiny home craze become even more popular?