Approving 55+ Housing: Facts That Matter
By Paul Emrath and Fei Liu
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Approving 55+ Housing - Paul Emrath
Approving 55+ Housing: Facts That Matter
BuilderBooks, a Service of the National Association of Home Builders
Disclaimer
This publication provides accurate information on the subject matter covered. The publisher is selling it with the understanding that the publisher is not providing legal, accounting, or other professional service. If you need legal advice or other expert assistance, obtain the services of a qualified professional experienced in the subject matter involved. Reference herein to any specific commercial products, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favored status by the National Association of Home Builders. The views and opinions of the author expressed in this publication do not necessarily state or reflect those of the National Association of Home Builders, and they shall not be used to advertise or endorse a product.
©2008 by NAHB. All rights reserved. No part of this book may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying and recording or by any information storage and retrieval system without permission in writing from the publisher.
Published in the United States of America
12 11 10 09 08 1 2 3 4 5
ISBN-13: 978-0-86718-702-1
For further information, please contact:
National Association of Home Builders
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About the Authors
Paul Emrath, Assistant Staff Vice President of Housing Policy Research. At NAHB, Emrath’s responsibilities include conducting statistical and economic research on a wide variety of housing policy topics, estimating the economic impact of home building, and generally overseeing the research activities of the Housing Policy Department. Since joining NAHB in 1992, he has developed many of the methods NAHB uses to analyze government programs and housing market data, produced more than 400 customized reports analyzing the impact of residential construction in various metropolitan areas, non-metropolitan counties and states across the country, and published more than 100 research articles. His articles Seniors in the Market for Housing: State Forecasts Through 2006
(NIC Review, Vol. 6, November 1998) and The American Housing Survey: A Valuable New Information Source for Seniors Housing
(Seniors Housing & Care Journal, Vol. 10 No. 1, 2003) won National Investment Center awards for original research in the field of 50+ housing.
Before his promotion to Assistant Staff Vice President, Emrath worked for NAHB as Housing Policy Analyst (1992-1994), Director of Survey Analysis (1994-1995), Senior Economist (1995-1999) and Regulatory Economist (1999-2001). Prior to joining NAHB, he taught economic theory and statistics at the University of Wisconsin-Oshkosh. Emrath has a Ph.D. in Economics from the University of Wisconsin-Milwaukee.
Fei Liu, Housing Policy Economist, joined NAHB’s Housing Policy Department in 2006. She also earned a Ph.D. degree in Economics from Indiana University in 2006.
Acknowledgements
The authors would like to thank the NAHB 50+ Housing Council’s Research Committee for the contributions in made to this project. The Research Committee reviewed drafts of each chapter and provided valuable insights that significantly improved the final product. During this process, the Committee was chaired by Steve Wattenbarger, Bellevue, Washington.
About the 50+ Housing Council
The NAHB 50+ Housing Council exists to encourage the development and management of an adequate supply of housing for 50+ consumers by serving its members and affiliated local councils through education, membership, research, communication, information, advocacy and networking products and services. As information providers, we are committed to compiling and sharing strategic housing solutions that optimize individual and corporate achievements of NAHB and 50+ Housing Council members as they strive to meet the housing needs of 50+ consumers in the United States. For more information or to join, visit www.nahb.org/join50plus.
Table of Contents
Figure List
Table List
Introduction
Chapter 1 Tax Revenue and Other Economic Benefits
Chapter 2 Education Services
Chapter 3 Transportation
Chapter 4 Public Safety
Chapter 5 Parks and Recreation
Chapter 6 Water Supply and Sewerage
Appendix 1: Tables with Geographic Detail
Appendix 2: Detail on the Economic Benefits
Figure List
Figure I-1 55+ Population Forecast
Figure I-2 Persons Per Household by Age of Household Head
Figure 1-1