m ichael carliner april 25, 2006 phoenix, az building for boomers & beyond 50+ housing symposium...

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2.0 2.5 3.0 3.5 4.0 4.5 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 55-64 in 2005 45-54 in 2005 Live Births Live Births 1979- Echo Boom 1965-78 Baby Bust 1946-64 Baby Boom Data in Millions Source: HHS National Center for Health Statistics

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Page 1: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

2.0

2.5

3.0

3.5

4.0

4.5

1910 1920 1930 1940 1950 1960 1970 1980 1990 2000

● 55-64 in 2005

■ 45-54 in 2005

Live BirthsLive Births

1979- Echo Boom

1965-78Baby Bust

1946-64Baby Boom

Data in Millions Source: HHS National Center for Health Statistics

Page 2: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

-1%

0%

1%

2%

3%

4%

5%

6%

7%

50-54 55-59 60-64 65-69 70-74 75-79 80-84 85+

'05-'10 '10-'15

Population Change by Age

Source: NAHB Long Term Forecast

All Ages

Leading Edge (1946-1950)

Page 3: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

0%

5%

10%

15%

20%

25%

30%

20-24

25-29

30-34

35-39

40-44

45-49

50-54

55-59

60-64

65-69

70-74

75+

Mobility by Age: Moved in Previous 12 Months

Source: Current Population Survey March 2004

Page 4: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

0%

5%

10%

15%

20%

25%

30%

20-24

25-29

30-34

35-39

40-44

45-49

50-54

55-59

60-64

65-69

70-74

75+

Interstate Movers—Share of All Movers

Source: Current Population Survey March 2004

Page 5: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

Labor Force Participation Rates

0

10

20

30

40

50

60

70

80

90

<25 25-34 35-44 45-49 50-54 55-59 60-64 65-69 70-74 75+

1995 2005 2015

Sources: BLS, NAHB Long Term Forecast

Page 6: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

Part Time Share of Employed

0

10

20

30

40

50

60

50-54 55-59 60-64 65-69 70-74 75+

BLS 2005

Page 7: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

Median Net Worth by Age, 2004

$0

$50

$100

$150

$200

$250

$300

< 35 35-44 45-54 55-64 65-74 75+

Thousands

Note: Overall Median=$93,100 Survey of Consumer Finances

Page 8: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

Relative Net Worth by Age, 1989-2004(Percent of median net worth for all households)

120%

140%

160%

180%

200%

220%

240%

260%

280%

1989 1992 1995 1998 2001 2004

45-54

55-64

65-74

Survey of Consumer Finances (Federal Reserve Board)

Page 9: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

Relative Median Income by Age, 1989-2004(Percent of median income for all households)

60%

80%

100%

120%

140%

160%

1989 1992 1995 1998 2001 2004

45-54

55-64

65-74

Survey of Consumer Finances (Federal Reserve Board)

Page 10: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

Share With Net Worth Over $500k, 2004

0

5

10

15

20

25

30

35

40

< 35 35-44 45-54 55-64 65-74 75+

Percent

Survey of Consumer Finances (Federal Reserve Board)

Page 11: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

Median Financial Assets by Age, 2004

$0

$10

$20

$30

$40

$50

$60

$70

$80

< 35 35-44 45-54 55-64 65-74 75+

Thousands

Note: Overall Median=$23,000 Survey of Consumer Finances

Page 12: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

Home Value and Equity by Age, 2004

$0

$50

$100

$150

$200

$250

< 35 35-44 45-54 55-64 65-74 75+

Equity Debt

Survey of Consumer Finances (Federal Reserve Board)

Page 13: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

Recent Buyers With Mortgages 2003

0

10

20

30

40

50

60

70

80

90

Under 35 35-44 45-54 55-64 65+

Percent

American Housing Survey

Page 14: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

Households Receiving Inheritance 2003-2004

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

< 35 35-44 45-54 55-64 65-74 75+

Survey of Consumer Finances (Federal Reserve Board)

Page 15: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

Size of Inheritance by Age(for those receiving inheritance in 2003-04)

$0

$20

$40

$60

$80

$100

$120

< 35 35-44 45-54 55-64 65-74 75+

mean median

Survey of Consumer Finances (Federal Reserve Board)

Page 16: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

Households With Second Homes by Age

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

< 35 35-44 45-54 55-64 65-74 75+

Survey of Consumer Finances (Federal Reserve Board)

Page 17: M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session

Households by Type 2004

0102030405060708090

100

<25 25-34

35-44

45-49

50-54

55-59

60-64

65-69

70-74

75-79

80-84

85+

Married couple Living alone Other

American Community Survey (Census Bureau)

Percent