Where Boomers Face Big Housing Shortages
October 31, 2014
Active adults, those 55 and over, are expected to dominate future new-home demand, with projections of 52 percent of new-home buyers falling in this age group over the next five years, according to a study by Epcon Franchising and Metrostudy. But at the current rate of the aging baby boomer population, several cities will be unable to meet the demand, which will likely keep boomers from moving to the location or type of home they want.
Read more: Is This the Nation's Next Housing Crisis?
The study estimates that the supply squeeze will affect about 260,000 boomers in the top metro markets.
The following markets will likely suffer from the largest housing gaps for 55-plus consumers, according to the study:
- Dallas-Fort Worth, Texas
- District of Columbia
- Austin, Texas
- Minneapolis-St.Paul, Minn.
Source: “Top Cities for Unmet Boomer Housing Demand,” BUILDER Online (Oct. 24, 2014)
Updated: November 23, 2020