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Home Health Blog

Boomers may drastically change retirement housing industry

Posted by RHHAdmin on Mar 23, 2012 8:49:01 AM

As the baby boomer generation ages, several industries have begun planning for the increasing rate of retirements and late life changes. Although many seniors elect to move to a 55+ community, a large number of those approaching their golden years are expected to explore options for living at home such as alternative house designs and private home care.

A recent survey of real estate agents by Coldwell Banker revealed possible housing trends for baby boomers. Agents reported that only 27 percent of their clients between ages 56 and 65 plan to retire to an active adult community, while 47 percent would prefer a single-family home. Many, however, are interested in a change of pace.

"Boomers are looking for something different," noted Sharon Dworkin Bell, the senior vice president of the National Association of Homebuilders' 50+ Housing Council, according to AOL Real Estate. "They want to change their lifestyle."

The Huffinton Post reports that many builders have begun planning for the changing styles of the generation and the differences in their wishes compared to their parents'. As a large number of boomers are caretakers for elderly relatives, housing layouts and sizes may reflect the need to provide for residential home care.

Topics: Private Duty Care, Residential News