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As homebuyers age 55 and older buy new homes, existing home inventory increases
September 04, 2014
Top home builders such as PulteGroup, Lennar, and Toll Brothers report brisk sales for their active-adult homes, Investor Business Daily reports.
For example, PulteGroup’s active-adult sales rose from roughly 4,100 homes in 2011 to approximately 5,300 in 2013, and interest continued into 2014. A positive side-effect is that with these older homebuyers looking to move into active-adult homes, they sell their old homes, adding more inventory to existing homes, NAHB Director of Economic Services Stephen Melman points out.
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