Housing Giants - April 24, 2008 - (Page 22)

of those groups? In part two, we delve deeper to assess their future housing needs. THE GREAT BOOMER SELL-OFF Due to its sheer size, the baby boomer generation has had a major impact on the housing and construction industries as it passed through different life stages. Just as this enormous demographic group prompted a school-construction frenzy during its youth, a boom in retirement communities, assisted living facilities and condominium construction in popular retirement areas is inevitable as boomers enter their golden years. Plus, many baby boomers will put their current In “Aging Baby Boomers and the Generational Housing Bubble: F homes on the market over the next SungHo Ryu compiled data that shows people ages 65 to 69 acco two decades as they implement their retirement plans. report by Dowell Myers and SungHo Ryu “After 2010, the leading edge of the of the School of Policy, Planning, and boomers will pass age 65, and growth Development at the University of among the elderly population will Southern California. “This is best seen in substantially exceed that of younger the ratio of those aged 65 and older to adults, an unprecedented social and working-age adults (aged 25 to 64). After economic development,” according to decades of relative stability, this ratio will “Aging Baby Boomers and the surge 30 percent in the 2010s and a further Generational Housing Bubble: Foresight 29 percent in the 2020s, altering the and Mitigation of an Epic Transition,” a balance to which we have long been 22 HOUSING GIANTS.4.24.08 WWW.HOUSINGGIANTS.COM http://www.usc.edu/schools/sppd/ http://www.usc.edu/schools/sppd/ http://www.usc.edu/schools/sppd/ http://www.informaworld.com/smpp/content~content=a789053981~db=all~jumptype=rss http://www.informaworld.com/smpp/content~content=a789053981~db=all~jumptype=rss http://www.informaworld.com/smpp/content~content=a789053981~db=all~jumptype=rss http://WWW.HOUSINGGIANTS.COM

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Housing Giants - April 24, 2008 Contents Viewpoint News and Moves Sell Workforce Housing The New Housing Demographics

Housing Giants - April 24, 2008

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