ULI Washington- Schools, Dogs, and Jobs: Why Millenials are Moving to the Suburbs
Tuesday October 31, 2017, 7:30-9:30am
7:30-8:00am: Breakfast & Registration;
8:00-9:00am: Panel Discussion;
9:00-9:30 am: Q&A
Location: ULI HQ – 2001 L St NW #200, Washington, DC 20036
In three years, the “peak” millennial will be turning 30, yet stagnant real income growth combined with student loans, rising healthcare and child care costs, and continued upward pressure on home prices present significant hurdles to homeownership. Baby Boomers, now empty nesters, continue to put their larger homes on the market in a move toward smaller housing in more active and amenitized communities. The question now becomes: are we on the doorstep of a new wave of demand for suburban housing product? If so, what apartment, townhome or single-family product will resonate with the new suburban resident, and how will municipalities and developers react to the changes ahead.
Please join ULI Washington for an exciting panel featuring leaders in real estate who have been actively engaged in the development, management and planning of DC’s suburban housing markets discussing insights that led them to commit to certain submarkets, underwrite evolving renter trends, and deliver amenities and experiences the modern suburban renter demands.
Topics for discussion:
- What are urban-dwelling millennials going to do when they have kids? When will we see those demographic shifts, if at all?
- Will new suburban residents require urban-like amenities to feel at home?
- What are the main drivers of a millennial suburban resident? What is important to them?
- What economic indicators for a suburban submarket indicate the greatest ability to deliver and sustain returns?
- With the rise in rentership rates, how do you view the balance between multifamily and single family demand?
Moderator: Stockton Williams, Executive Director, ULI Terwilliger Center for Housing
Joe Carter, Executive Vice President, Wells Fargo
Karen McJunkin, Regional Partner, Vice President, Elm Street Development
Karl Mistry, Group President, Toll Brothers
Pam Tyrrell, SVP Multifamily Development, Kettler
Gwen Wright, Planning Director, Montgomery County Planning Department
|Young Leader (<35)||$20||$40|