50+ Housing In The News

Boomers are all over the news these days, and so is 50+ Housing. Here are some highlights from recent coverage:

Pulte Strengthened by Active Adult Segment

Pulte’s strong fourth quarter growth is due in part to the success of its active adult segment, says Richard J. Dugas, Jr., President and Chief Executive Officer. "The strength of Pulte's diversified business model, particularly our customer segment diversity that includes an unmatched position serving the exploding Active Adult population with our Del Webb brand, once again allowed Pulte to post excellent new order growth that is among the strongest in our industry." The full article is at Business Wire; free registration is required.

Can Active Adult Communities Fight Blight?  

Resort-style retirement living communities are in full bloom along Southern California’s inland areas. City leaders in Moreno Valley hope that Aquabella, a new 2,900-home development going up in the city, will drive up property value and revamp the area’s image. Read more at Southern California News; free registration required.

Retirement on the House

The New York Times reports that reverse mortgages are an increasingly popular way for homeowners to pay for retirement. The article (available free for seven days) explains that while personal savings are down for most Americans, housing wealth is up. "People are living longer and longer, so over time they're going to be draining their retirement accounts," said Gillette Edmunds, an investor and author, with Jim Keene, of "Retire on the House: Using Real Estate to Secure Your Retirement" (John Wiley & Sons: 2005.) "The only thing they are not draining yet is their houses," Mr. Edmunds said, "and that's what they're going to have to turn to." [Return to top]