Household Housing Demand Projections for Hebei Province of China
Chapter 15 presented households and housing demand projections in rural and urban areas of Hebei, a province with 72 million residents and a median level of socioeconomic development in China, using the most recent census and other data and the ProFamy extended cohort-component model. The results showed that, due to changes in household and population structure, demand for both owned housing and rental housing for elders aged 65+ will grow dramatically, but housing demand will decline for young people aged less than 35. One-person households will have the largest growth in demand for 1–2 room owned-housing; one-couple households will have the largest growth in demand for 3–4 room owned-housing. Demand for larger housing units for three-generation households will go down. Based on our analysis, we discussed some relevant policy considerations such as “dual-apartment” housing for elderly parents neighboring directly with their children, which may result in a win-win outcome for both generations in facing the serious challenges of population and household aging.
