Just little clip on the baby boomers
In total, persons living alone are expected to account for 36 percent of household growth between 2010 and 2020. Although increasing numbers of people living alone will boost the demand for smaller units, the lift is likely to be modest given the nation’s strong appetite for large homes. In addition, three-quarters of the more than 5.3 million projected increase in single-person households will be among individuals aged 65 and older—a group that has shown a marked preference for remaining in their homes as they age. Seniors are more likely to remodel their current homes to improve accessibility, safety, and convenience than to move to new, smaller units. The aging baby boomers, however, are already showing a propensity to buy second homes and will therefore continue to add to demand in this way.
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