Boomers Prefer to Age in Place, but Growing Numbers Head to Age-Restricted Communities

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May

2009

Boomers Prefer to Age in Place, but Growing Numbers Head to Age-Restricted Communities

Market Conditions and Outlook

Most Baby Boomers, like their parents, are choosing to "age in place," but a large and growing number -- more than 1.2 million households -- are choosing to move to communities designed to meet their needs, according to a recent report released by the National Association of Home Builders (NAHB) and the MetLife Mature Market Institute (MMI). The data is significant because by 2010 the Boomers will represent one-quarter of the U.S. population -- a group that will greatly impact the choices available in the housing market.