The Real Deal Miami

Boomers to stay put

April 30, 2009 10:17AM

The National Association of Home Builders, a trade group, reported that new home construction for people over age 55 will fall by nearly half in 2009. That could be a plus for South Florida, a leading market for so-called active-adult communities, which would retain a prominent position nationally. The NAHB said about 126,000 homes will be built this year for buyers 55 and older, down from about 249,000 last year.