Active Adults Soon to Have Choices

The front elevation of Dunhill Homes’ Valencia on the Lake is similar to Lakes at Legacy.

DALLAS—Active adults have not been adequately represented with viable housing options, say developers in the sector. That is about to change with two North Texas projects, Lakes at Legacy in Prosper and ArrowBrooke in Aubrey, underway later this year and next year. Both projects are located within larger master-planned communities.

“The active adult cohort is the most underserved new-home buyer in DFW. Households 55 and over comprise 41.7% of our market, while only 15.5% of new home sales are to active adults. The lack of new home sales is a supply problem rather than lack of demand,” said Paige Shipp, regional director for Metrostudy. “Unfortunately, builders have not addressed this market with new lifestyle-appropriate homes and communities. Many of our older residents have been forced to either remodel their current home to allow them to age in place or buy a resale home. Nathan Carlisle is addressing the needs of this underserved cohort with quality new homes designed expressly for the 55-plus new home buyers.”