While the number of young adults impacting the housing demand will continue to grow, the older population is growing faster.
to projections by the Census Bureau, the total U.S. population age 65
and older will reach 79 million in 2035. This represents an increase of
31 million over the same statistic in 2015.
increase in the housing demand of older adults is expected to come from
single-person households. A 2014 survey conducted by AARP indicated 88%
of adults 65 and over want to remain in their homes as they age.
The decision of older households to age in place will require additional accessible housing with supportive services.
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