Improvement in the housing market is leading more baby boomers to consider a move — and that’s boosting business for builders of housing catered specifically to those 55 and older.
“55-plus buyers are out in force. They’re ready to make a move, they’re tired of waiting. They know the market is right for folks who want to sell their [existing] home,” said Steve Bomberger, president of Benchmark Builders in Wilmington, Del.
Last year, Benchmark Builders’s total number of closings rose to 92, from 52 in 2012. For 55+ homes, it had 42 closings in 2013, up from 26 in 2012.