The following table compares characteristics of a traditional rental walk-up; active adult rental; and seniors rental apartments with independent living services. Median age for the active adult rental tends to fall into the 65 to 74 age group, the fastest growing age cohort nationally, yet a significantly under-served market-rate segment in nearly every local rental housing market.
URBEK is always focused on housing market analysis, which is a subset of urban economics. How can you be sure that your consultant is doing housing market analysis and not just demographic analysis? Does it matter? And, is there a simple question you can ask to be sure he or she is on the right track?
If you need a consistent set of demographics from the U.S. to a neighborhood, then you probably use one of the major private sector demographic providers such as CLARITAS, EXPERIAN, ESRI, or perhaps another. Typically, these firms use what is called a top-down, bottom up methodology. Where do they connect? And how are these two different approaches reconciled?
Prior to the introduction of the American Community Survey (ACS) by the Census Bureau, sample data was collected at the same time as the Decennial Census. For example, the sample data questionnaire for the 2000 Decennial Census covered the 15 months prior to the April 1, 2000 survey date. However, the 2010 Decennial Census did not include this one time sample survey.