Age-in-Place technology may be reducing demand for senior housing. This may explain why developers have seen big bets on elder-specific housing fall short of expectations. Some senior housing developers looked at the aging baby boomer generation’s 72 million people born between 1946 and 1964 thought they saw a can’t-miss market.
But, new products and services such as sensors that respond to a range of medical conditions, facial recognition for identifying visitors, and houses with malleable fixtures that can be adjusted as residents age, make it easier for seniors to remain in their homes. Home technologies continue to advance, which could make the option to age in place more appealing for many seniors.
Advertisement
Related Stories
Energy Efficiency
EPA Introduces New Certification: Energy Star NextGen
The EPA's newest certification aims to boost national energy and emissions savings and act as a catalyst for the construction of new, energy-efficient homes
Codes + Standards
Public Comment Period Opens for National Green Building Standard Updates
The 45-day public comment period for draft 2 of the 2024 NGBS begins on April 12, 2024
Codes + Standards
Public Comment Period Opens for 2024 National Green Building Standard Update
The 45-day public comment period opened Aug. 18, and comments must be submitted by Oct. 2, 2023