John McIlwain

John K. McIlwain is the director of the climate, mind behavior program at the Garrison Institute. He was the Senior Resident Fellow/J. Ronald Terwilliger Chair for Housing at the Urban Land Institute (ULI) in Washington, D.C. An author, speaker and former lawyer, McIlwain brings more than 35 years of experience in the fields of housing, housing investment and the development of sustainable housing.

By some estimates, 70 percent of seniors today are living in the same place they celebrated their 65th birthday, known as aging in place. Though aging in place is not a new concept, says ULI Senior Resident Fellow John McIlwain, its impact today is dramatic because of the rapid growth of seniors in the United States. Read what cities are doing to accommodate this expanding demographic group in light of today’s limited municipal resources.
On Wednesday, the Federal Housing Finance Agency, HUD, and the Treasury sent out a joint Request for Information on ways the government might rent out the 250,000 homes that Fannie Mae, Freddie Mac, and the FHA currently own. With the inventory of such homes owned by Fannie, Freddie, and the FHA expected to continue growing, is this the right move for the federal government to make?
For over a century, American suburbs have been growing inexorably outward from central cities. Following World War II, this growth accelerated to the point where metropolitan regions in the United States now can have a 50- to 60-mile (80- to 96-km) radius. This ever-widening spread of suburbia seems to have continued through the past decade, if 2010 Census data serve as any indication. This, however, is not the whole story, and a closer look at facts on the ground suggest that the growth of the suburbs—now stalled by the housing bust—may in fact be winding down. If true, this would be a major and arguably a very beneficial shift in American urban development.
The population of seniors in the United States is rising at a rate without precedent. At the same time, the character of the population is changing in new and unexpected ways. This is bringing both challenges and opportunities to the seniors’ housing market. Read about the three distinct groups of seniors and the types of housing they are expected to seek.
According to John McIlwain, ULI senior resident fellow for housing, at a recent forum hosted by the ULI Terwilliger Center for Workforce Housing, development of housing in the post-recession economy will be influenced by two population groups at opposite ends of the age spectrum: Gen Y and senior citizens. Listen to McIlwain discuss what Gen Yers will want in housing.
According to John McIlwain, ULI senior resident fellow for housing, at a recent forum hosted by the ULI Terwilliger Center for Workforce Housing, development of housing in the post-recession economy will be influenced by two population groups at opposite ends of the age spectrum: Gen Y and senior citizens. Listen to McIlwain discuss what he describes as three distinct groups of seniors will want in housing.
At the end of 2010, the U.S. homeownership rate fell to 66.5 percent—the lowest rate since 1998. And the six-year trend of households going from owning to renting a home continues. Read how demographic trends, ongoing high levels of foreclosures, high unemployment and underemployment, and tightened standards for mortgage financing are poised to affect the number of new homes sold going forward.
On February 11, the U.S. Treasury and HUD issued a paper on reforming the government-sponsored entities (GSEs)—namely, Fannie Mae and Freddie Mac. John K. McIlwain, Senior Resident Fellow, ULI/J. Ronald Terwilliger Chair for Housing, notes that for the first time in 70 years, an administration—a Democratic one at that—backed away from an all-out commitment to homeownership and even pulled its support from Fannie and Freddie. Read about the three options that are being contemplated to replace the GSEs.
It is unlikely that the boomers will be looking for traditional retirement housing for at least ten to 15 years. When they do, expect them to want a very different style and organization of seniors’ housing. Read more about what the new seniors will want in housing and how they will live differently that seniors of the past.
The recent announcement by the Federal Reserve that it will purchase $600 billion of longer-term treasuries—known as quantitative easing—is clearly aimed at the housing market, as well as at commercial lending in general. This move raises two questions: which way will interest rates move as a result? and what will be the impact of low or falling rates on the housing market?
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