Good news for Sarasota new home builders

Most 'boomers' plan to buy a new home

Article form Inman News

More than half of baby boomers plan to buy a new home for their retirement, according to an annual survey conducted by Del Webb, a brand of home builder Pulte Homes Inc.

The survey defines baby boomers as people ages 41-59, born between 1946-64. About 59 percent of younger boomers, ages 41-49, plan to buy a home for their retirement, the survey found, while 50 percent of older boomers, ages 50-59, plan to buy a new home for their retirement.

Of those boomers who are willing to move when they retire, about 66 percent of older boomers said they would move for a better community lifestyle, and 54 percent said they would seek a warmer climate.

There are an estimated 77.5 million baby boomers, according to the American Association of Retired Persons, and they are one of the wealthiest generations in American history.

The rest of the article can be viewed here:
http://realestate.yahoo.com/realestate/story.html?s=n/inman/realestate/20050607/20050607701