About 36 percent of Baby Boomers plan to move into a new home when they become “empty nesters,” according to an annual survey by Del Webb, a builder of active adult communities and a brand of Pulte Homes.

About one-quarter of the survey respondents said they expect their children to move back in with them, and about 28 percent of them plan to charge their children rent. About 15 percent have grown children who already returned to the “nest.” About 25 percent of people 18-34 live with their parents, according to U.S. Census statistics. For those 18-24, about 56 percent of the men and 43 percent of the women live with one or both parents.

Of those Bay Boomer empty nesters who plan to move, about 36 percent said they will move more than three hours away from their current home. About 44 percent said the top reason for leaving their current home is to move into a smaller home, and 44 percent said they want a home that requires less maintenance.

About 65 percent of Baby Boomers would “be happy” to help if their grown kids needed to move back home, the survey found, and about 23 percent said they would feel “obligated” to help. Also, about 24 percent of Baby Boomers anticipated that their parents or in-laws would move in with them, about 50 percent said they would be happy to accommodate that, and about 17 percent said they would be “eager” to find another living arrangement for parents or in-laws. About 8 percent said they would charge their parents rent.

About one-quarter of the respondents said they would consider moving into a community built for active, older adults. Del Webb has conducted the annual survey since 1996. The latest survey was conducted by Harris Poll Online from April 29 to May 3 and involved a sample of 1,174 people ages 40-70.

The Baby Boomer Generation is defined in the survey as those people who were born between 1946-64 and who are now 40-58.

***

Send tips or a Letter to the Editor to glenn@inman.com or call (510) 658-9252, ext. 137.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription