Home Builders and Senior Home Renovation Market Survey |
Aging-in-Place refers to when the elderly or disabled stay in their own home for as long as possible as they age while taking steps to live as independently as possible. This is a process that involves planning, home modifications, support services, and other arrangements to ensure safety, comfort, and health.
All members of the Baby Boom Generation will be at least 65 years old by 2030, fueling the demand for aging-in-place construction. The Joint Center for Housing Studies of Harvard University estimates that this year, 2025, baby boomers will account for 56% of residential remodeling spending and is expected to grow. According to AARP, a survey found that in 2021, over 75% of adults aged 50 and older wanted to stay in their homes as they age.
Many homes lack the necessary features to support older residents. A 2023 U.S. Census Bureau report found that only 40% of U.S. homes had basic "aging-ready" features, such as a step-free entryway and a first-floor bedroom and bathroom. Only 10% of homes overall had the necessary accommodations to support aging in place. Remodelers have reported a significant increase in requests for aging-in-place features. In a 2023 survey by the National Association of Home Builders (NAHB), 76% of remodelers said requests for these features had increased in the past five years.
Southeast Alaska has the highest growth population of seniors in the State. Alaska's overwhelming senior demographics have placed us in the national spotlight for eldercare. JEDC would like to determine the best way to support your business to be successful while embracing the immediate senior needs in our region. This survey will support our efforts towards improved education, services, and coordination of industries to support a senior market while creating a construction directory and other future services. This survey is supported by the Northern Southeast Alaska Building Industry Association (SEABIA), Southeast Regional Eldercare Coalition (SREC), Southeast Alaska Independent Living (SAIL), Alaska Association of Developmental Disabilities (AADD), and UAA College of Engineering.
Please aid us by taking a few minutes to complete the following survey. Please feel free to share the survey with your company employees and others in the construction field associated with SE Alaska.