What It's About:
Over the next few decades, the U.S. will see an unprecedented number of aging Boomer households exit homeownership, due to death or because they are transitioning to assisted living facilities or multi-generational living. But will younger households want to purchase the homes they vacate? Are the homes too big, too expensive, too outdated or not located where younger buyers actually want to live? This potential surge in the supply of newly vacant homes has the housing industry pondering the impact on overall housing values, as well as how much this supply will detract from the demand for new construction. In this session, explore the cutting-edge research on the future of the Boomers' homes and the people that may (or may not) buy them.
What You'll Learn:
Learn how big the supply of Boomer housing is in the U.S. today.
Understand younger buyers ability and desire to purchase these homes.
Identify the resources to help gauge the impact on your own local market.
How to Attend:
Participants must be registered for a full registration package or a 1-day education with expo pass package valid for the day of the session they wish to attend. Seating for Building Knowledge sessions will be on a first-come, first-served basis.
NAHB - 1.00 CE hour(s)