Foreign-born residents will have a “significant impact” on the housing market according to “Housing in America: Immigrants and Housing Demand,” released by the Urban Land Institute’s Terwilliger Center for Housing. The report also notes that if the current levels aren’t sustained, the industry could suffer.
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“Immigrants have helped stabilize and strengthen the housing market throughout the recovery,” says Stockton Williams, executive director of the Terwilliger Center. “Immigrants’ housing purchasing power and preferences are significant economic assets for metropolitan regions across the country.
This suggests the potential for much more growth attributable to foreign-born residents in the years ahead.”