TWO-EARNER FAMILIES IN THE HOUSING MARKET

The 1970's has been a period in which three trends have coincided: housing prices have been escalating, wives have continued to enter the labor force, and legislation prohibiting discrimination in mortgage markets on the basis of sex and marital status has been enacted. In this paper, we examine the role of the two-earner family–one in which both husband and wife work–in the housing market of the 1970's, and the interrelation of this household type with other factors shaping the current high demand for housing. We also speculate on the role of the two-earner family in the housing market of the 1980's. We conclude that two-earner families are in a position to increase their housing outlays in the future, that the continued growth in the number of two-earner families will add to future housing demand, but that many two-earner families may be divorced couples of the future. This suggests that, while there will be a strong impact on single-family home demand, there will also be some restructuring of demand toward rental housing and cooperative/condominium ownership.