Housing Summary

Using the new Borrow Smart Charts GPT:

### Key Data Summary:

1. U.S. Housing Summary (133 Million Households)

- Owned Homes: 66% (88 million units)

- Rented Homes: 34% (45 million units)

- Rental Breakdown:

- Apartments: 64% (29 million units)

- Single-Family Homes: 31% (14 million units)

- Mobile Homes, Boats, etc.: 4% (2 million units)

- Single-Family Rental Units by Ownership:

- 1-9 properties ("Mom & Pop") represent 79% of ownership.

- 10-99 properties represent 14%.

- 100-999 properties represent 3%.

- 1,000+ properties represent 4%.

2. Current U.S. Population by Age Cohort (Millions of People)

- Population Breakdown by Age:

- Age 15-19: 21.9 million

- Age 20-24: 22.7 million

- Age 25-29: 22.2 million

- Age 30-34: 23.5 million

- Age 35-39: 22.5 million

- Age 40-44: 21.9 million

- Age 45-49: 19.9 million

- The average resident age is 38, and there is a potential future demand for housing in the 30-39 age cohorts.

### Insights:

- Rental Market Insight:

The U.S. rental market is dominated by apartments, making up 64% of rental households, while single-family rentals constitute 31%. A significant portion of single-family rentals (79%) is owned by small-scale owners ("Mom & Pop"), suggesting that most of this market is fragmented among small landlords.

- Demographic Trends:

The largest age cohort in the population is the 30-34 age group (23.5 million), which represents a key potential demand group for future home rentals or purchases. The adjacent age groups (25-29 and 35-39) are similarly large, indicating steady demand across this critical home-buying and renting age range.

- Future Housing Demand:

With the average resident age at 38 and a large number of individuals approaching prime home-renting or purchasing age (30-39), there is potential for significant demand in both single-family and apartment rentals.

This data highlights the importance of small landlords in the single-family rental market and points to potential future housing demand driven by the aging millennial generation.