Nev. to be No. 1 choice of elderly, study predicts

Real Estate Watch

February 07, 1999

Nevada will be the nation's most popular housing market for senior citizens over the next eight years, according to findings of a new National Association of Home Builders study, "Seniors in the Market for Housing: State Forecasts Through 2006."

The results of the study by the NAHB were based on population forecasts from the U.S. Census Bureau on which states will have the greatest appeal for seniors in search of housing in the years to come. Nevada was first in the nation in demand intensity, or the appeal one state has over another. Maryland finished 42nd.

Nevada is projected to have 1,439 households headed by people age 55 or older per 100,000 residents between 1999 and 2006.

Others in the top five include: Florida (1,351), Arizona (1,216), Arkansas (1,059) and Oregon (1,019). Maryland is projected to have 671 senior-headed households per 100,000 over the same period.

While the findings include forecasts of seniors moving within and into a state, it does not include those moving into nursing homes or other group quarters.

Pub Date: 2/07/99

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.