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Ageless Designs.
Professional Remodeler, November, 2006
By Scott T. Shepherd, PATH Partners Remodelers reach new markets with Aging-in-Place techniques Connect these dots: Aging-in-place remodeling is the fastest growing segment of the residential remodeling industry. About 20 percent of the U.S. population will be elderly by 2030, and in 50 years, the percentage of retirees will more than double, according to Harvard University's Joint Center for Housing Studies.
NAHB estimates the market could reach the $20 billion to $25 billion range as the population ages. And a survey by the AARP reveals that 89 percent of people 55 and older want to stay in their homes as long as possible, in contrast to many retirees in the previous generation, who chose to relocate to sunny Florida. Clearly, a...
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