300 Million Mark

On October 17, 2006 - the U.S. Census reported that the nation's population has now reached 300 million. This milestone occurs nearly 39 years after the 200 million mark was reached on Nov. 20, 1967.

This rapid increase will result in the formation of more households and more potential homebuyers, not only because of the growing population, but because household size is shrinking, and more people are buying homes.

According to projections compiled in 1996 by the Census Bureau, the number of households in the U.S. is expected to reach 115 million by 2010. Families with children under the age of 18 are on the decrease, down to 48 percent. By 2010, 3 out of 5 families will have no children under the age of 18, an increase of 28 percent. One quarter of households are maintained by those who live alone, and will increase to 31 million by 2010.

The Census expects approximately 12 million households to be added to the current number between 2000 and 2010.

For more information on the U.S. Census, click here. For all your Real Estate needs contact Nolting Real Estate at 636-391-9997 and/or http://www.noltingrealestate.com/