‘Foong on Finance’ with Keat Foong: Demography is Destiny
- Dec 31, 2010
It does not seem that long ago that we took note the U.S. population had increased from less than 250 million to about 280 million. That was in the year 2000.
The U.S. Census Bureau announced last week that its latest tally of the U.S. population, as of April 1, 2010, stands at 308,745,538. The South and the West are obtaining most of the population increase.
The U.S.’s population growth rate in fact exceeds that of China’s.
One would think a growing population generates greater demand for apartments, and is generally good news for apartment property owners. Where are the development sites to meet the needs of the growing population? Happy New Year!