As the population in the Southeastern United States, continues to increase at a consistent rate, so does the need for Senior Living Communities as well as Memory Care Communities. We’ve seen a dramatic rise in the demand of these types of projects in the Florida and Georgia areas. Statistics show that while there was 35 million Americans over the age of 65 in the year 2000, there will be more than 70 million Americans over the age of 65 in the year 2030, making up over 20% of the population.
“The strong eight-point surge in the 55+ HMI survey’s index for multifamily rental production is a positive sign, and a contrast to the relatively low attitudes builders are currently expressing towards 55+ multifamily condos,” said NAHB Chief Economist David Crowe. “This suggests that there is a significant number of 55+ households who desire to live in dense multifamily settings but not to own, at least not right away.”
“Builders in many parts of the country were affected by a particularly severe winter, but builders and developers in the 55+ sector continue to be positive as we move forward in 2015,” said Timothy McCarthy, chairman of NAHB’s 50+ Housing Council and managing partner of Traditions of America in Radnor, Pa. “The weather had an effect on traffic, and moderated and delayed settlement schedules. Nonetheless, 55+ builders’ confidence remains bullish on the outlook for the balance of the year.”
SWET Construction Group is a leader in new construction and renovations of Senior living communities. Partnering with us will not only keep your construction costs low while achieving beautiful architectural design, they will ensure your project is a great success by displaying quality design features to meet the needs of the residents and guests.