According to a new study released this week from Epcon Franchising and Metrostudy, 10 metro areas are expected to have a significant housing gap for baby boomers.
Active-adult consumers dominate future new-home demand. A total of 52 percent of new-home buyers will be over 55 in the next five years.
Currently, the top 15 states fueling the new-home market are also the top states for the active-adult buyer.
The expected growth in demand for active-adult housing will leave many boomers unable to move to the location or kind of new home most desirable—a supply squeeze that will affect approximately 260,000 boomers in the top metro markets. The top 10 markets that will be affected by the gap are ranked using such factors as age, income, children, cost of living, and rate of homeownership.
Here are the top 10 markets expected to have a baby boomer housing deficit:
1. Dallas-Fort
Worth
2. Houston
3. District
of Columbia
4. Atlanta
5. Miami
6. Denver
7. Seattle
8. Phoenix
9. Austin
10. Minneapolis-St.Paul
For more information about the projected housing deficit, Epcon and Metrostudy are hosting an on-demand webinar, “Supply and (Boomer) Demand: Solving the Supply Crisis in 55+ Housing,” outlining this and other findings from the recent study.
