A recent article on Realtor.com says America needs hundreds of thousands of new housing units to cater to its oldest citizens in the coming years, which they say will bring many challenges for the industry. In addition, they point out that America’s over-80 population will increase by 1/3 over the next 5 years.
“But 80 is a good proxy for when people start seriously looking at senior housing. And that means those born in 1946—the start of the baby boom—are reaching that age, Arick Morton, CEO of NIC MAP, tells Realtor.com.”
Click here to read the full report at Realtor.com.
