The National Association of Home Builders (NAHB) says the demand for housingfor those 55 and older will increase through 2020 as the boomers age. Says the NAHB’s Paul Emrath, “We expect to see an increased demand for 55+ housing as more baby boomers turn 55 and seek homes and communities that offer the lifestyle they desire. NAHB is projecting that the number of housing starts in 55+ communities will increase 22 percent to 74,302 units in 2013, and another 20 percent to 89,071 in 2014.” He says walking/jogging trails and green space are the two amenities with the biggest draw for the 55 and older demographic. As MHProNews understands, 7,000-10,000 people in this country hit 65 each day.
(Photo credit: Dept. of Housing and Urban Development)