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DRAFT Market Analysis <br />Lino Lakes Comprehensive Plan Update <br />September, 2006 <br />Page 3 <br />Housing markets are greatly affected by the age distribution of the population. During the 1970s <br />and 1980s, the Baby Boom generation swelled the proportion of the population ages 18 to 34, <br />placing exceptional pressure region -wide on the demand for multifamily rental housing. During the <br />1990s and 2000s, the impact of the Baby Boom generation is being felt on the demand for single - <br />family housing as they swell the ranks of those ages 35 to 54. In the coming decades, the Baby <br />Boom generation will likely place tremendous pressure on a variety of multifamily products as they <br />dramatically increase the proportion of the population age 65 and older. <br />Pct. of Population <br />100% - <br />80% - <br />60% - <br />40% - <br />20% - <br />0% <br />Age Distribution of the Population <br />16- County Twin Cities Region <br />1960 -2030 <br />1960 1970 1980 1990 2000 2010 2020 2030 <br />Sources: US Census of Population: 1960 -2000; M N Dept. of Admin.: State Demographic Center; WI Dept. of Admin.: <br />Demographic Services Center. <br />• 75+ <br />065to74 <br />■ 55 to 64 <br />■ 45 to 54 <br />■ 35 to 44 <br />❑25to34 <br />❑18to24 <br />■ 5 to 17 <br />• Under 5 <br />Another way of characterizing the impact of age distribution on the housing market is to simply <br />look at the net increase in the number of persons by age group from decade to decade. The chart <br />below helps illustrate the volume of people during the 1980s and 1990s that entered the age groups <br />in which single- family homeownership is most common. Conversely, the chart also displays the <br />projected increase in the number of persons age 65 and older starting in 2010, which is when many <br />households begin to switch to multifamily forms of housing. <br />DAHLGREN <br />SI- LARDLOW <br />ANDUBAN <br />