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By Martin Crutsinger WASHINGTON -- Americans bought new homes in May at the fastest pace in more than two years. The increase suggests a modest recovery in the housing market is continuing ...
These micro-homes — generally 400 square feet or less, and can be either on wheels or a foundation — are gaining popularity with retirees.
Image credits: tinyhomes On average, tiny homes range from 100 to 400 square feet. This is six times smaller than a standard house and cost 87% less to build than a typical home.
The project was first developed by Steve McAlilly, CEO of Mississippi Methodist Senior Services, and by geriatrician William H. Thomas (physician) in 2003, with the goal of personalizing elder care by redesigning nursing homes "from scratch" to provide residents more privacy and control over their lives. [4]
A retirement home is a multi-residence housing facility intended for the elderly. The concept is sometimes called an old people's home, [9] old folks' home, or old age home, although old people's home can also refer to a nursing home. [10] Typically, each person or couple in the home has an apartment-style room or suite of rooms. Additional ...
It was predicted that by 2020, 19.3% of the UK population would be aged 65 or over, and a minimum of 35,000 new senior living development properties would need to be created to meet housing demands. Independent senior living residents are able to live on their own with limited assistance (provided by third-party home health care providers if ...