Builder Confidence in the 55+ Housing Market is on the Rise

February 15, 2013

55+ couple photoThe latest 55+ community trends were all the rage at the International Builders’ Show  in Las Vegas,  and it looks as if the industry outlook for additional construction is positive, too. Compared to this time last year, the market for 55+ housing of single-family homes has improved by 10 percent, according to the National Association of Home Builders.

More affordable home prices are attracting buyers who were previously uncertain about purchasing a home. While single-family homes are faring quite well, the multifamily sector of 55+ condo sales aren’t as strong, only increasing by six points. The reason for this could be that more 55+ homeowners are leaning toward  traditional single family ranch floor plans, which offer a familiarity to most buyers versus an attached condominium setting.

If you’re looking for a single family 55+ Chicago community, there are plenty of options throughout the suburbs. Recent communities include Andare at Talamore in Huntley, which offers two and three bath homes starting at $154,000, and Edgewater in Elgin, which offers 14 different floor plans priced starting at $169,900.

For more information on Chicago 55+ homes, click here.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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