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How Falling Birth Rates Reshape the Housing Market
Description
In this episode of The Demographics Podcast, Lucas and Luna explore a surprising twist in the economics of housing: as birth rates fall and populations age, the demand for housing doesn't simply shrink — it transforms. Drawing on data from Japan and the United States, they explain why smaller households are driving up per-capita square footage even as total population declines, and why this trend has major implications for homebuilders, investors, and policymakers. The hosts also unpack the growing phenomenon of 'silver downsizers' who stay in their family homes longer than expected, creating a logjam in the starter-home market. This episode offers a concrete, numbers-driven look at how demographic shifts are quietly reshaping one of the largest asset classes in the world.