Higher home-care spending by states linked to greater aging-in-place outcomes
Researchers examined state investments in home- and community-based services (HCBS) and associated changes in where older adults lived.
The study's findings suggest that states investing more in home- and community-based services (HCBS) are better enabling older adults to age in place. This is significant for the construction industry, as it implies a growing need for home modifications and renovations that support aging in place. As the population ages, contractors and builders can expect increased demand for services that make homes more accessible and adaptable to changing needs.
The link between HCBS spending and aging-in-place outcomes also highlights the importance of affordable and accessible housing options. As states continue to prioritize HCBS, the construction industry will need to respond with innovative solutions that support older adults' desire to remain in their communities. This may involve developing new products, such as universal design features, or adapting existing construction techniques to meet the needs of an aging population.
To watch next: The construction industry's response to the growing demand for aging-in-place solutions. Will we see increased investment in accessible housing developments, or a surge in demand for home modification services? Additionally, how will policymakers and industry leaders work together to address the workforce and funding challenges associated with providing HCBS, and what implications will this have for the construction sector?
Originally reported by housingwire.com. ConstructionNews adds analysis for real estate & property readers.