The document compares housing demand and construction trends from 1988-1990, 1999-2001, and projected 2013-2015 by analyzing key economic and demographic factors. It finds that strong job growth and a large generation of baby boomers fueled high apartment construction in 1988-1990, while flat growth among 20-somethings resulted in less demand and construction in 1999-2001. Projections indicate strong growth in the number of 20-34 year olds from 1982-2014 similar to baby boomer growth should fuel increased housing demand and construction from 2013-2015 comparable to levels seen in the 1980s.

1. Dupre + Scott Apartment Advisors www.duprescott.com
Northgate II courtesy Studio 216 & Baylis Architects

6. Baby-boomer growth in the 1970s
fueled housing demand in the 1980s

7. The number of 20-somethings was flat
in the 1990s – resulting in less demand

8. GenY Growth through 2014 should fuel
similar demand to the 1980s

10. Comparing economies & demographics
to make sense of construction trends
New New All new 20-34 year New
apartments jobs housing olds “Geezers”
1988-90 38,000 203,000 99,000 142,000 66,000
(1972-1982)
1999-01 17,000 123,000 72,000 6,000 64,000
(1982-2001)
2013-15 27,000 137,000 70,000 114,000 132,000
(1982-2014)
Sources: Apartments = Dupre + Scott; Jobs & new housing permits = Conway Pedersen Economics; 65 year
olds and 20-34 year olds = based on State of Washington Office of Financial Management forecasts

11. Dupre + Scott Apartment Advisors www.duprescott.com
Northgate II courtesy Studio 216 & Baylis Architects