Majority of Baby Boomers "Fixing to Stay": Challenges Ahead for Builders and Remodelers

Topics:
Construction Services and Home Improvement
Tags:
Mobility,
NAHB Research Center
Source:
NAHB Research Center

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Overview: Both newly built houses and existing dwellings can create mobility problems for Baby Boomers (currently 45 to 54 years of age) and members of their families, according to an AARP survey released earlier this year. New home builders and remodelers face a number of challenges if the residential construction industry wants to meet the needs of the biggest segment of the housing market. By 2010, the U.S. population is expected to number 298 million. Baby Boomers, individuals born between 1946 and 1964, will continue to dominate U.S. demographics, making up 25 percent of the population. In 1999 Baby Boomers owned 43 percent of all homes in this country.

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Format: HTML | Date: Feb 2004 | Pages: 3

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