THE BABY BOOMER GENERATION BOOST NEW HOME SALES
The
baby boomer generation is boosting new home sales across the country
with Southwest Florida becoming the largest market for new homes.
This
generation has the Purchase Power as they have had decades to build
their credit histories and wealth. They have been educated to buy NEW.
Homes are built better today, are more energy efficient and builders
realize that they have to deliver a quality product to demanding
buyers. Baby Boomers will pay for upgrades and lot premiums which are
the bread and butter for builders.
John Burns, a housing consultant in
Irvine, California said “It’s really going to happen all over the
country.” According to Bloomberg News, sales of new single family homes
are projected to increase by 16% in 2015 while housing starts will
increase by 15%.
National
builders are targeting this generation by appealing to wealthier buyers
and active adult markets and warmer markets. Top destinations have
affordable homes, lower taxes and a welcoming business environment
according to NAR. In addition to Southwest Florida, Albuquerque, NM;
Boise, ID; Denver, CO; Phoenix, AZ; Greenville, SC; and Raleigh, NC are
experiencing the boom.
To learn about new homes being built in the North Atlanta area contact:
The Mary Ellen Vanaken Team at 678.929.6529
Keller Williams Realty North Atlanta
5780 Windward Parkway , Suite 100
Alpharetta, Georgia 30005
THE BABY BOOMER GENERATION BOOST NEW HOME SALES
