A survey showed three key differences between the concerns of 55- to 64-year-old homeowners compared to those of homeowners 65 and older:
- Younger homeowners were more interested in technology
- Older homeowners had a strong preference for a single-story floor plan or at least one with a first-floor master
- Younger homeowners were more eager for home maintenance and repair services, vs. older homeowners, who were more focused on healthcare and transportation
The survey conducted by the National Association of Home Builders and the MetLife Mature Market Institute showed that both age groups want easy access to services that free up their time and help them live in a secure environment.
Growth in housing for older people has slowed as a result of the overall slowdown in new home construction. This is likely to cause a shortage just as this housing is most in demand, points out Paul Emrath, vice president for housing policy research for the home builders.
Source: National Association of Home Builders and the MetLife Mature Market Institute (01/19/2010)