flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Millennials to outgrow Baby Boomers in 2015

Multifamily Housing

Millennials to outgrow Baby Boomers in 2015

The number of Millennials is expected to peak in 2036, at 81.1 million.


By BD+C Staff | February 23, 2015
Millennials to outgrow Baby Boomers in 2015

Image courtesy of CEU/Wikimedia Commons

In 2015, the number of Millennials is expected to surpass the Baby Boomer generation. According to the Pew Research Center, last month's population projection completed by the U.S. Census Bureau found that Baby Boomers are currently the largest living generation, at 74.9 million. However, Millenials— those between the ages of 18 and 34—will pass 75.3 million by year's end. 

The number of Millennials is expected to peak in 2036, at 81.1 million. According to the Cenus Bureau, the Baby Boomer generation peaked in 1999 when there were 78.8 milliion individuals.

Generation X is comprised of individuals who are between the ages of 35 and 50. This generation is expected to grow for a few years before peaking at 65.8 million in 2018.

Read Pew's full report.

Related Stories

| Aug 4, 2016

MULTIFAMILY BUILDING GIANTS: Rental complexes focus on affordability, accessibility, and specialty amenities

To address the affordability problem and attract tenants, owners and developers are experimenting with smaller and smaller units, amenity-rich environments, and “co-living” concepts.

| Aug 4, 2016

Top 50 Multifamily Engineering Firms

Jacobs, AECOM, and Arup top Building Design+Construction’s annual ranking of the nation’s largest multifamily building sector engineering and E/A firms, as reported in the 2016 Giants 300 Report.

| Aug 4, 2016

Top 80 Multifamily Construction Firms

Lendlease, Suffolk Construction Co., and Clark Group top Building Design+Construction’s annual ranking of the nation’s largest multifamily building sector construction and construction management firms, as reported in the 2016 Giants 300 Report.

| Aug 4, 2016

Top 110 Multifamily Architecture Firms

Perkins Eastman, CallisonRTKL, and Solomon Cordwell Buenz top Building Design+Construction’s annual ranking of the nation’s largest multifamily building sector architecture and A/E firms, as reported in the 2016 Giants 300 Report.

Multifamily Housing | Jul 20, 2016

Colorful Boston Road building offers affordable housing in the Bronx

Designed by NYC’s Alexander Gorlin Architects, the 12-story building will have 154 studio apartments for low-income working adults.

Multifamily Housing | Jul 18, 2016

Four residential projects named winners of the 2016 AIA/HUD Secretary Awards

Affordable housing, specialized housing, and accessible housing projects were honored.  

Multifamily Housing | Jul 14, 2016

Portland, Ore., City Council approves construction excise tax for affordable housing

Expected to raise $8 million annually on commercial and residential projects.  

Multifamily Housing | Jul 7, 2016

Courtyards make Brooklyn’s Bushwick II residential development its own miniature city

Bushwick II will feature light-filled plaza spaces, a roof for urban living, and more than 800 apartment units.

Market Data | Jul 7, 2016

Airbnb alleged to worsen housing crunch in New York City

Allegedly removing thousands of housing units from market, driving up rents.

Market Data | Jul 6, 2016

A thriving economy and influx of businesses spur construction in downtown Seattle

Development investment is twice what it was five years ago. 

boombox1
boombox2
native1

More In Category




Legislation

Efforts to encourage more housing projects on California coast stall

A movement to encourage more housing projects along the California coast has stalled out in the California legislature. Earlier this year, lawmakers, with the backing of some housing activists, introduced a series of bills aimed at making it easier to build apartments and accessory dwelling units along California’s highly regulated coast. 

halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021