Pennsylvania's baby boomers own a larger share of homes than the national average, reflecting a broader pattern that's squeezing younger homebuyers out of the market.
According to a new Construction Coverage analysis, 38.6% of Pennsylvania homeowners are baby boomers, ranking the state 14th nationally and exceeding the U.S. average of 37%.
The Northeast region shows particularly high concentrations of boomer homeownership, with New Hampshire (40.7%), Maine (40.4%), and Vermont (39.9%) all ranking in the top 10 states nationally.
Pittsburgh emerges as a standout metropolitan area, …
This item is available in full to subscribers.
You can also purchase this individual item for $1.50
We have recently launched a new and improved website. To continue reading, you will need to either log into your subscriber account, or purchase a new subscription.
If you are a digital subscriber with an active subscription, then you already have an account here. Just reset your password if you've not yet logged in to your account on this new site.
If you are a current print subscriber, you can set up a free website account by clicking here.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
Pennsylvania's baby boomers own a larger share of homes than the national average, reflecting a broader pattern that's squeezing younger homebuyers out of the market.
According to a new Construction Coverage analysis, 38.6% of Pennsylvania homeowners are baby boomers, ranking the state 14th nationally and exceeding the U.S. average of 37%.
The Northeast region shows particularly high concentrations of boomer homeownership, with New Hampshire (40.7%), Maine (40.4%), and Vermont (39.9%) all ranking in the top 10 states nationally.
Pittsburgh emerges as a standout metropolitan area, with 39.6% of homes owned by boomers, ranking third among major U.S. cities. This places it well ahead of other large urban markets and behind only Tucson, Arizona (41.9%) and Tampa-St. Petersburg, Florida (40.1%).
The trend reflects a nationwide shift, as Americans over 55 now own 54% of U.S. homes, up from 44.3% in 2008, creating increased competition for younger homebuyers entering the market.
