Household Housing Demand Projections for Hebei Province of China
Yi Zeng,
Kenneth C. Land,
Danan Gu and
Zhenglian Wang
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Yi Zeng: Duke University, Center for Study of Aging and Human Development Medical School
Kenneth C. Land: Duke University, Department of Sociology and Center for Population Health and Aging Population Research Institute
Danan Gu: United Nations, Population Division
Zhenglian Wang: Duke University, Center for Population Health and Aging Population Research Institute
Chapter Chapter 15 in Household and Living Arrangement Projections, 2014, pp 263-279 from Springer
Abstract:
Abstract Chapter 15 presented households and housing demand projections in rural and urban areas of Hebei, a province with 72 million residents and a median level of socioeconomic development in China, using the most recent census and other data and the ProFamy extended cohort-component model. The results showed that, due to changes in household and population structure, demand for both owned housing and rental housing for elders aged 65+ will grow dramatically, but housing demand will decline for young people aged less than 35. One-person households will have the largest growth in demand for 1–2 room owned-housing; one-couple households will have the largest growth in demand for 3–4 room owned-housing. Demand for larger housing units for three-generation households will go down. Based on our analysis, we discussed some relevant policy considerations such as “dual-apartment” housing for elderly parents neighboring directly with their children, which may result in a win-win outcome for both generations in facing the serious challenges of population and household aging.
Keywords: Real Estate; Housing Unit; Hebei Province; Divorce Rate; Household Type (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:ssdmcp:978-90-481-8906-9_15
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DOI: 10.1007/978-90-481-8906-9_15
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