NMHC’s Douglas M. Bibby Research Foundation this week published new research exploring the current and future impacts of international students on U.S. campuses and implications for purpose-built student housing.
“This new research will help rental housing providers and developers build the student housing best suited to the changing needs of the international students who come to the U.S. for a higher education,” said NMHC Senior Vice President for Research Caitlin Sugrue Walter. “As domestic enrollment begins to plateau or even decline in some cases, we need to make sure our institutions remain attractive and provide value to students from other nations."
Conducted by BONARD, an independent market research consultancy specializing in international education and student housing, some of the top findings determined that through the 2023/24 academic year:
- Graduate programs are increasingly popular due to their cost-effectiveness and career advantages. High undergraduate tuition fees in the U.S., coupled with strong undergraduate systems in many source countries, lead students to prioritize graduate studies. STEM degrees, in particular, offer better job prospects and pathways to residency.
- For the first time in 2023/24, India surpassed China as the top source of international students in the U.S. Over the past five years, emerging markets have fueled growth, including India (+111%), Nigeria (+50%), Bangladesh (+99%), Ghana (+136%) and Pakistan (+38%). In contrast, demand from traditional markets such as China and South Korea has plateaued, with student volumes unlikely to return to pre-pandemic levels.
- The U.S. remains the top choice for international students thanks to its high-quality education system with globally renowned universities, cutting-edge research and diverse varied academic programs. Students also value strong return on investment, with access to scholarships and favorable post-graduation employment opportunities through initiatives like the Optional Practical Training (OPT) program.
- According to the U.S. institutions, the demand for luxury in student housing has declined in the post-pandemic era, with students prioritizing affordability and essential amenities over premium features. Privacy has emerged as a critical consideration, driven by increased social anxiety and a preference for private spaces. However, U.S. institutions continue to emphasize the importance of shared spaces to foster social interaction, combat loneliness and build a sense of community.
Based in Washington, D.C., the National Multifamily Housing Council (NMHC) is where rental housers and suppliers come together to help meet America’s housing needs by creating inclusive and resilient communities where people build their lives. We bring together the owners, managers, developers and suppliers who provide rental homes for 40 million Americans from every walk of life—including seniors, teachers, firefighters, healthcare workers, families with children and many others. NMHC provides a forum for leadership and advocacy that promotes thriving rental housing communities for all. For more information, contact NMHC at (202) 974-2300, email the Council, or visit NMHC's website at nmhc.org.
