|Millennials, Boomers .. and multigenerational, too!|
There's been quite a bit of fanfare recently noting Millennials are finally entering the new homes market; yet, the median age across the board has gone up 7% since 2000. More startling: the 65+ population has grown 40.5% in the same timeframe.
And, every state has experienced an increase -- or remained constant. Maine has the highest median age (44.6) (compare that to Utah with the lowest at 30.8)!
What ideas might drawn from these numbers?
Certainly, there's demand for 55+ communities in what are thought of as "traditional 55+" areas (for example, Sumter, FL has a 67.1 age median). McManus suggests that builders and developers consider every area has 55+ potential -- and that there's a significant demand for multigenerational product, as well.
In other words, communities are drawing buyers from a wider audience than ever before -- and the audience is more diverse. What seems to be consistent, McManus notes, is the interest in carefree living. Accessibility -- in terms of interior space as well as outside the community -- and lifestyle -- think both community and surrounding neighborhood amenities -- are drivers as folks think about how they want to live as they get older.
Take a look at recent Solutions Blogs regarding walkability, amenities, green living, even floorplan options -- and how an interactive presentation -- we're highlighting CPS' SalesTouch -- will help tell your story more effectively to the range of today's home shopper audiences.