Aging Population Will Have Profound Effects on Housing Demand

Growth in the nation’s adult population will drive significant household growth over the next decade and beyond, according to the just-released State of the Nation’s Housing: 2016 from Harvard University’s Joint Center for Housing Studies.

Demographic changes will drive the addition of more than 13 million households from 2015 to 2025. Much of the growth will occur among retirement-aged population with the number of households age 70 and over projected to rise by more than 8 million, or more than 40 percent. The increases will push up the share of older households from 16 percent in 2015 to about 21 percent in 2025.

“The aging population will have profound impacts on housing demand,” reads the report, which also found:

  • The growing share of older households means further declines in residential mobility and housing turnover, potentially causing the already tight market for existing homes to have additional pressure.
  • As people age in place in greater numbers, older households will not only contribute a larger share of remodeling spending, but will also increase demand for different types of projects.
  • Older households that do move likely will seek units that are smaller and less costly to maintain.
  • The number of older single persons living alone will climb, “implying a significant increase in the need for in-home healthcare and supportive services.”
  • A jump in rental demand stems from middle-aged households – the number of renter households in their 50s and 60s rose by 4.3 million from 2005 to 2015.
  • Renter households age 70 and over increased by more than 600,000 over that decade.

Tags

Our Mission & Vision

Haven Senior Investments’ vision is to serve those who care for senior citizens and others in need of safe and nurturing housing.

Our mission is to serve the owners, operators, buyers, sellers, developers, and investors in the seniors housing and assisted living industry by offering a range of services to help them maximize their objectives and investment returns.

Our purpose is to glorify God by building profitable and sustainable businesses that advance His Kingdom and His children.

The Haven team brings a unique combination of finance, real estate, business development, operations, and healthcare experience to serve our varied senior housing clients. We operate on a team approach, which allows our clients to benefit from the experience and expertise of the whole Haven team. Our efforts are focused on the areas of independent living, assisted living, active adult, and communities that specialize in Alzheimer’s and memory care.

Related Posts

Baby Boomers Seek Safety, Belonging, and Purpose in Senior Housing Choices

As the Baby Boomer generation enters its senior years, the priorities shaping their choice of housing are becoming clearer. This influential demographic cohort is looking beyond mere amenities and location; they are seeking communities where they feel safe, socially engaged, and where their lives can continue to have purpose. Safety and Belonging: A Foundation for

Navigating Loan Challenges: Robust Solutions for Senior Housing Real Estate Stakeholders

In the dynamic landscape of real estate, Senior Housing property owners are not exempt from the financial hurdles that may arise, particularly in the face of loan defaults. However, amidst these challenges lie multiple avenues for financial restructuring and stabilization. It is imperative to seek proficient advice to navigate through these alternatives effectively. Recent discourse

$1 Trillion in Investment Needed

To meet the evolving needs, the senior housing industry requires an astounding 775,000 additional new units by 2030, if we maintain current penetration rates and development activity. If we maintain the current development pace until 2050 and compare it to the required development to meet demand projections, an astounding gap of approximately $1 trillion in

Pioneering Senior Living Solutions – Unveiling the Future of Impactful Investments

Introduction: In an era where the senior living sector is on the brink of a significant overhaul, potential investors are presented with a unique opportunity. The demographic shifts and burgeoning healthcare demands are the driving forces behind this imminent transformation. The statistics are compelling – by 2030, the need for new senior living units will

Scroll to Top

What are you looking for?

Aging Population Will Have Profound Effects on Housing Demand

Input information to download the file