News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Jim Cory / REMODELING / June 6, 2013
Business How-To: Sell Universal Design
There are two customer groups when it comes to selling aging-in-place or universal design.
Group One consists of the people who need it or may need it and can afford it but don’t want it — that is, baby boomers with bucks.
Group Two — call them “people with issues” — are coming from a completely different place. They need and want this type of renovation now, and if they can afford it the only question may be whether you’re the contractor who can provide the solutions they need.
Louis Tenenbaum, remodeling consultant and author of Aging in PlaceRead More
Craig Webb / REMODELING / June 13, 2013
Trends involving sustainably healthy homes, rental housing improvements, and aging in place all will help drive growth in spending for home improvement projects in coming years, one of the nation’s leading experts on remodeling said today.
Kermit Baker, director of the Remodeling Futures Program at Harvard University’s Joint Center for Housing Studies (JCHS), also said that his group expects double-digit increases in spending on major home improvements this year and next.
“We feel the market moving through 2013 has a fair amount of momentum to it,” BakerRead More
Craig Webb / REMODELING / May 31, 2013
A new survey of the oldest baby boomers–people born in 1946–finds this group even more likely than they were five years ago to keep living where they are rather than move as part of retirement.
The poll in late 2012 of 1,003 of the so-called “oldest boomers,” including 447 who also were surveyed in 2007, found 82% aren’t planning any future moves. That’s up from 75% in the 2007 survey, conducted at about the time the housing market collapsed. Survey results have a margin of error of plus/minus 3.2 percentage points.
“Of the oldest boomers who did more orRead More
Met Life / May 31, 2013
A new survey from Met Life of the oldest baby boomers—people born in 1946—finds this group even more likely than they were five years ago to keep living where they are rather than move as part of retirement.
- More than half (52%) of oldest Boomers (and their spouses) have fully retired, up from 19% in 2007 and 45% in 2011.
- 86% of the oldest Boomers are currently collecting Social Security benefits- of those, 43% started collecting earlier than expected.
- Most are now empty nesters, but have more grandchildren (average of 4.8 up from 2.6 in 2008); 13% are caring for parents or relatives.
Joel Kotkin / New Geography / December 14, 2012
Notwithstanding plastic surgery, health improvements and other modern biological enhancements, we are all getting older, and the country is too. Today roughly 18.5% of the U.S. population is over 60, compared to 16.3% a decade ago; by 2020 that percentage is expected to rise to 22.2%, and by 2050 to a full 25%.
Yet the graying of America is not uniform across the country — some places are considerably older than others. The oldest metropolitan areas, according to an analysis of the 2010 census by demographer Wendell Cox, have twice as high a concentration of residents over the age of 60 as theRead More