Eye On Housing
The NAHB’s Remodeling Market Index (RMI) survey has asked questions about Aging-in-Place (AIP) periodically, beginning in 2004. According to results from the Q1 2023 survey, 63 percent of professional remodelers undertake projects designed to allow homeowners to Age-in-Place, down from 77 percent in Q4 2018. This is the lowest percentage since the Q2 2006 survey (60 percent). When asked… Read More ›
Tag Archive for ‘aging-in-place’
Married Couple Homeownership
NAHB analysis of the Current Population Survey’s (CPS) 2020 Annual Social and Economic Supplement (ASEC) estimates the national homeownership rate at 66.4%. This analysis provides a further breakdown of this rate through the lens of married couple homeownership, which we estimate at 79% for 2020. In addition to the overall married couple homeownership rate, two subcategories’ homeownership rates are estimated,… Read More ›
Curb-less Showers Now Among the Most Common Aging-In-Place Projects
Last week’s post covered general issues related to Aging-In-Place (such as how many professional remodelers do it, and how many of their customers are receptive to it), using data from NAHB’s Remodeling Market Index (RMI) survey for the 4th quarter of 2018. This post covers some of the more detailed questions from the same survey, including specific types of Aging-in-Place projects undertaken… Read More ›
Remodeling to Age-In-Place Remains Strong, Still Mostly for Older Home Owners
According to NAHB’s Remodeling Market Index (RMI) survey for the 4th quarter of 2018, over three-fourths of professional remodelers undertake projects designed to allow home owners to Age-in-Place. Their customers are generally familiar with the Aging-in-Place concept, and at least somewhat receptive to it. However, in practice remodelers continue to perform Aging-in-Place work mostly for customers age 55 or older,… Read More ›
Aging in Place on the Rise as a Reason to Remodel
According to a recent NAHB survey, “desire for better/newer amenities” and “need to repair/replace old components” once again ranked as the top reasons owners remodel their homes. However, several other reasons to remodel are gaining ground, particularly the desire to be able to age in place. The survey took the form of a special question on NAHB’s Remodeling Market Index (RMI) instrument for the first quarter of 2018. … Read More ›
Simple Desire for New Amenities Remains Top Reason to Remodel
According to remodelers in NAHB’s Remodeling Market Index (RMI), a simple “desire for better/newer amenities” ranked as the number one reason customers remodel their homes in 2014, just as it did in 2013. On a scale of 1 to 5 (where 1 indicates never or almost never, and 5 is very often), the average rating on desire for newer amenities was… Read More ›
Number 1 Reason to Remodel: Simple Desire for New Amenities
According to remodelers who answered special questions on NAHB’s Remodeling Market Index (RMI) survey for the 1st quarter of 2014, a simple “desire for better/newer amenities” ranked as the number one reason customers choose to remodel their homes. On a scale of 1 to 5 (where 1 indicates never or almost never, and 5 is very often), the average remodeler’s… Read More ›
Uneven Aging
One in every eight Americans is now over the age of 65. The senior population (65 and older), is estimated by the Census to be 40.3 million in 2010, increased 15.1% from 2000. By 2030, the Department of Health and Human Services forecasts that there will be 72.1 million seniors representing 19.3% of the total population. The aging of the… Read More ›