From Valleynewslive · · 1m
Aging-Ready Homes Demand Grows as Americans Age
America’s aging population needs more senior-friendly homes, but inventory is scarce.
In brief
America’s aging population needs more senior-friendly homes, but inventory is scarce. A 2019 U.S. Census study shows aging-ready homes may not meet demand as Americans age. Originally reported by Valleynewslive.
Aging Population Growth
America’s population is aging with one in six Americans 65 or older in 2019 and projected to be one in four by 2060.
Aging-Ready Homes Definition
Aging-ready homes have a bedroom and full bathroom on the first floor with step-free entry.
Low Inventory for Aging Populations
Experts say multi-generational housing is in demand but inventory for aging-ready homes is low.
Downsizing Challenges
Couples living in 4,000 to 5,000 square foot homes often need smaller, one-level homes with aging-in-place features.
Expert Recommendations
Experts advise cost analysis of retrofitting, purchasing, or building homes to accommodate aging populations.
Critical Transition Period
Downsizing from large homes to smaller ones requires months of planning and emotional adjustment.
The bottom line
A 2019 U.S. Census study shows aging-ready homes may not meet demand as Americans age.
