Reverse Mortgages Will Help Fuel Home Remodeling Growth

Posted by News Feeds
October 7, 2007

Reverse Mortgages Will Help Fuel Home Remodeling Growth,

We came across a recent forecast from Harvard University’s Joint Center for Housing Studies that projects the long-term outlook for the home remodeling industry. Here’s a summary of the key findings that are relevant to the reverse mortgage arena:

  • the number of households will increase by about 15 million by 2015, of which approximately 12.1 million will be owner households. This means that the number of homeowners will rise from 74.2 million to 86.3 million between 2005 and 2015.

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