Forty Percent of US households will be headed by someone 55 or older by 2012, and the over 55 population will reach 85 million by 2014, according to a new report by the National Association of Home Builders' 50+ Housing Council.
The number of households in the 65 - 74 age bracket will grow by 4.5 million between 2005 and 2014, an increase of 38 percent.
Profile of the 50+ Housing Market analyzes US Census Bureau data, provides demographic information, and forecasts housing characteristics, mobility, neighborhood attributes and other factors that will help determine the demand for housing for those over age 55. "Most boomer buyers don't need to move," Norman Cohen, the 2006 chairman of the NAHB 50+ Housing Council, said in a release. "They'll change homes when their lifestyles change - whether it's becasue they're starting a home-based business or just want to live maintenance free."
(article reprinted from The Residential Specialist) by Marie Mailhot www.MarieSellsNH.com
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