Baby Boomers Have Specialized Housing Demands
September 8th, 2007 categories: Buying San Diego Real Estate, Local San Diego News You Can Use, San Diego Real Estate, San Diego Real Estate News, San Diego Relocation, Selling San Diego Real Estate
The huge baby boomer generation seems to prefer new housing in restricted developments for the 55 and older crowds.
According to the National Association of Home Builders, NAHB, these communities are seemingly getting faster approval from local building departments than others as they require less infrastructure for school children and bring in the same or even higher taxes.
There is significant room for developers to increase the number of these seniors community subdivisions as the total current supply is only about one million homes. The number of Americans who are 55 and older is expected to climb to 85.6 million or 26.3% of the population by 2014. This increase of 52.2 million, up from the population numbers of 1990, will create a rapid demand for this new specialized housing.
This specialty requires that common areas and community features have the look and feel that also says, ” We are here , We are successful and We want to live the way we want”. This new group of seniors have suffered through the transformation of starting out life with less and evolving to where they are today. Builders of these specialized subdivisions know they must create environments that are specialized and unique. They must also reflect the success of their clients careers that they got them there. Visually opulent but structurally sound, practical and easy to maintain.
