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A summary of surveys conducted by national homebuilder PulteGroup, Inc. shows that people are putting family first when making plans for their next move.? Whether it?s planning for more children or anticipating relatives to move in, the 2012 survey results reveal that the economy is no match for family priorities.

PulteGroup conducted four surveys in 2012 and focused on myriad topics from retirement to first-time home buyers. The results revealed a variety of trends, highlighting consumer confidence in the economy and housing market:

• More than 60 percent of still-working baby boomers plan to retire in less than 10 years and aren?t delaying retirement plans.? Nearly three-quarters say they are financially prepared to retire in 10 years or less.
• Sixty-one percent of renters plan to buy a home within the next two years.
• Top reasons renters have increased their interest in buying a home:? They like being able to call themselves homeowners (49 percent) and they view it as a good financial investment (44 percent).
• Renters are buying homes with more space for family/kids (36 percent) while current homeowners ages 18 ? 34 want a larger home for their growing families (68 percent).

The surveys also show the importance of family across all generations, and some significant changes in family dynamics that often influence their next new home plans:

• Home buyers do not want to sacrifice family when buying a new home.? Only 21 percent of homeowners said moving away from their family would be a trade-off to get their ?dream? home.
• Twice as many households as today expect to eventually share their home with their adult children or aging parents.? Thirty-one percent anticipate at least one adult child moving back home; and 32 percent anticipate an aging parent living with them.
• Family bonding was cited as the top reason for having adult children move back home (46 percent) and for aging parents (48 percent) to move in.
• Eighty-four percent of homeowners plan for their next home to be the same size or larger.
• About 62 percent of baby boomers want their home in retirement to be within the same state they currently live.? This represents a 20 percent increase compared with two years prior.
• Thirty-two percent of Baby Boomers want to live within 20 miles of their children/grandchildren upon retirement.

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Source: http://brodiestephens.com/2013/01/10/pultegroup-2012-surveys-reveal-improved-home-buyer-sentiment/

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