Daily Real Estate News  |  April 30, 2009  |   Does Senior Housing Face Extinction?
It could be the beginning of the end for over-55 housing, says the National Association of Home Builders.

Construction of senior housing, which included about 249,000 homes last year, will total only 126,000 this year, according to the trade association.

Homeowners older than 55 comprise about 20 percent of all homebuyers, up from 18 percent in 2005 and 16 percent in 2001, the home builders said. As boomers age, the number buying homes will begin to decline. At that point, it is likely that these buyers will be integrated into broader communities.

Source: Orlando Sentinel (04/29/2009)