Real EstateTrends
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Real EstateTrends
Gen X Embraces Resort-Style Living: The New Trend in Homebuying
about 1 year agoUS
Gen X is increasingly seeking the amenities and lifestyle traditionally associated with retirement communities. Major homebuilders are responding by creating 'ageless' communities that offer resort-style living without age restrictions.
Key Insights
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Gen X homebuyers are showing interest in amenities like pickleball, spa services, and wine clubs, similar to Boomers.
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Homebuilders such as Pulte and Taylor Morrison are expanding their active adult brands to include all-ages communities.
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These communities offer resort-style amenities like lazy rivers, poolside bars, and concierge services.
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This trend reflects a convergence of Gen X reaching peak earning years and desiring a vibrant, active lifestyle.
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It signifies a shift where GenX doesn't want to be boxed in the Active Adult or 55+ bracket, and wants the same benefits, but not the age restriction.
In-Depth Analysis
Pulte's new 'Del Webb Explore' brand and Taylor Morrison's 'Esplanade' brand are examples of this shift. These communities are not age-restricted and offer a mix of home plans suitable for various demographics, including families and multi-generational households. While originally designed for active adults, some communities are adapting to the all-ages model, incurring higher impact fees due to the removal of age restrictions. Pulte research indicates many buyers desire such amenities and lifestyle, even having older children, needing to care for grandchildren, or simply to live around people of varying ages. The move to offer these all-ages communities is seen as a smart, and potentially successful one.
FAQs
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Q: Are these communities only for Gen X?
No, these communities are designed to be all-ages, appealing to anyone seeking a resort-style lifestyle.
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Q: What is the difference between 'Del Webb Explore' and Pulte's resort division?
'Del Webb Explore' is for permanent residents, while Pulte's resort division focuses on vacation homes allowing short-term rentals.
Key Takeaways
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Gen X individuals seeking a vibrant and active lifestyle have new options in the housing market.
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The resort-style living trend is expanding beyond traditional retirement communities.
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Homebuyers can now find communities that cater to their specific needs and preferences, regardless of age.
Discussion
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Sources & References
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