Cater to Boomers or Millennials? Homebuilders Caught in Between
Las Vegas — The U.S. housing industry is being pulled in two directions. Baby boomers with big housing bucks to spend still rank at the top of many builders’ customer lists. But rising sales to millions of millennials have sent builders scrambling to tailor houses for the next generation of buyers. “Millennials are really coming into the market in significant numbers,” Dan DiClerico of Consumer Reports told homebuilders from around...
Rent Vs. Buy: 3 Questions for Boomer Buyers
Washington — Baby boomers have become one of the major drivers of rental demand over the past decade, according to a study by Harvard University’s Joint Center for Housing Studies. Other research finds that boomers accounted for twice the growth in renter households as millennials did since the recession — and their ranks will only grow as more boomers reach retirement age. But is renting in retirement a smart financial decision?...
Baby Boomers, Better Economy Drive Up RV Sales
Milwaukee — If you’re seeing a lot of travel trailers and motor homes on the highway these days, it’s more than a sign of summer. For the first time in a decade, the recreational-vehicle industry is poised to break production records. RV manufacturers are expected to ship 380,000 units this year, up 6.5 percent from 2014 and nearing the previous peak, set in 2006 before the recession. The spending strength of baby boomers craving the...
