The phrase "new residents" refers to people who have recently moved to a particular place to live permanently or for an extended period of time. Full definition
Luxury homes, high - rises and standard residential neighborhoods continue to be built throughout town, owing to the continuing influx of new residents looking for job opportunities in the city. (milehighhomepro.com)
That performance proved similar to the 4.9 % revenue growth performance posted in 2014, when rents for new residents increased 4.6 % and occupancy improved 30 basis points. (realpage.com)
Parking facilities would need to take into account new residents in the case of added density. (timesunion.com)