What does this mean for our Region?

What does this mean for our region?

We believe the news is pretty good for the long-term in our region but we need to understand the demographics because the housing market is moving.

• 
  The over-supply of housing appears to be just about back to equilibrium for our Montana market.
• 
  Dramatically fewer households will have children as the boomers age.
• 
  Boomer Population peaks in about 20 years.
• 
  The number of households in our region will continue to grow.
• 
  There will be less demand for single-family housing and an increase in demand for condos and townhomes in the right location.
• 
  People will be moving into urban areas as they leave the suburban residences. This is a trend we have recognized for sometime.
• Projects like the redevelopment of the Old Sawmill Site in Missoula will be where many of the boomers will want to live.

http://www.wgmgroup.com/projects/MisMillSite.htm