Thursday, January 27, 2011

New Resource for the 55+ Housing Market Released

The MetLife Mature Market Institute (MMI), in partnership with NAHB (National Association of Home Builders), has produced the Builder Survey Chart Book, dated Sept, 2009:  55+ Housing-Builders, Buyers, and Beyond

Established in 1997, the Mature Market Institute (MMI) is MetLife’s research organization and a recognized thought leader on the multi-dimensional and multi-generational issues of aging and longevity. MMI’s groundbreaking research, gerontology expertise, national partnerships, and educational materials work to expand the knowledge and choices for those in, approaching, or caring for those in the mature market.

The National Association of Home Builders (NAHB) is a Washington, D.C.-based trade association representing more than 200,000 members involved in home building, remodeling, multi-family construction, property management, subcontracting, design, housing finance, building product manufacturing, and other aspects of residential and light commercial construction. Known as "the voice of the housing industry," NAHB is affiliated with more than 800 state and local home builders associations around the country. NAHB’s builder members will construct about 80% of the new housing units projected for 2009.

Here are some highlights from the report.  Topics covered are:
     Location of 55+ Communities
     55+ Customer Relocating from
     Motivation in Relocation
*Features, Amenities, Services
     Includes these topics for 2008 and plans for 2009
     Studied are both 55+ Communities and Single-family homes
*Mortgage Financing Options
*Technology in Homes
*Green Amenities

While the timespan seems outdated, there are more Baby Boomers than ever and these trends will certainly be a factor for builders in 2011.

If you are interested in the 55+ housing options in Mercer County and surrounding areas, call or contact me to discuss your options.

Joe Giancarli, SA
Real Estate Advisor

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