According to a new Urban Institute study, Detroit is expected to add 60,000 new residents by 2040, marking the first instance of population growth in the City since the 1950s. Detroit and its metropolitan area are also expected to gain 380,000 new households.
The Southeast Michigan Housing Futures study joins a growing number of reports predicting a further stabilization of the region.
In an email to The Detroit News, Kurt Metzger, head of Data Driven Detroit, summarized what he expects to see in the next 23 years: “In the near term, Detroit will see more housing development than the suburbs due to millennial and baby-boomer demand for lofts and apartments — away from single family construction.”
Continue to the full Detroit News article.