Bowen National Research to Conduct Housing Study in Northeast Michigan

Bowen National Research will be conducting a housing survey in northeast Michigan. The housing needs assessment for the 11-county region, including Alpena, involves a thorough analysis of housing related factors. This assessment serves as a foundation for future housing initiatives, policy decisions and financial strategies.

Here are the main components. Demographic Analysis, the assessment compiles specific demographic data, including population trends, age groups, household sizes and income levels. Understanding the local populations characteristics is crucial for tailoring housing solutions. Bowen National Research examines economic indicators such as employment rates, income distribution and economic growth. This analysis helps identify affordability challenges and informs housing development strategies. The assessment process typically takes four to six months due to its in-depth nature.