Baby-boomers are in for a shock at retirement unless developers step up their game in 55-plus communities, including in South Florida.
According to a study from Epcon Franchising and the Royal Palm Beach-based Metrostudy, 10 metro areas are expected to have yawning housing gaps between supply and baby-boomer demand.
The tri-county area of Palm Beach, Broward and Miami-Dade counties are included as areas with a pending dearth of boomer housing.
See how 2014’s new home sales fared in Palm Beach County here.
Consider, a total of 52 percent of new-home buyers nationally will be over 55 years old in the next five years. The supply squeeze is expected to affect about 260,000 boomers in the top 10 metro markets.
Here are the top 10 markets expected to have a…
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