Epcon Franchise Builders | New York Home Builders

New York Home Building Challenges

Unique Challenges

Aging in Place Preferences: Many older New Yorkers prefer to remain in their current homes. However, aging in place often requires home modifications and access to services, presenting opportunities for builders.
Urban Density Constraints: New York’s high population density limits available land for new developments, especially in urban areas.

New York Home Building Challenges

Types of Plateaus

Affordable Housing Shortfall: There’s a significant gap between the demand and supply of affordable housing for seniors. For instance, a senior affordable housing building in New York City’s Chinatown received 22,000 applications for just 110 units, highlighting the pressing need for more developments in this sector.
Regulatory and Zoning Challenges: Complex zoning laws and lengthy approval processes can delay projects aimed at the 55+ market. Navigating these regulations requires expertise and can deter builders from pursuing new developments.

New York Home Building Challenges

Competitive Market Dynamics

Suburban Appeal: As urban living costs rise, many 55+ individuals are considering suburban areas, where housing may be more affordable and spacious. This shift requires builders to adapt their strategies to cater to suburban preferences, including offering amenities that appeal to active adults.
Evolving Housing Preferences: The 55+ demographic is increasingly seeking homes with modern amenities, energy efficiency and smart home technologies. Builders must stay attuned to these preferences to remain competitive and attract discerning buyers.

The 55+ Housing Opportunity in New York

According to the U.S. Census Bureau’s 2020 data, New York State has approximately 8.5 million housing units. Notably, the state’s older adult population is significant and growing. According to the New York State Department of Health, there were approximately 1.3 million residents aged 55 to 64 and 1.5 million residents aged 65 and over in 2020.

This demographic shift underscores a substantial opportunity for the development of 55+ communities to meet the housing preferences of New York’s aging population.

Key Benefits

Grow Your Business With Epcon’s Home Builder Franchise

Franchising is a proven business model with a blueprint to run a thriving business, and our home building franchise is no different. Here are some of the key benefits Epcon offers our Franchise Builders:

Support and Training

Our team provides our Franchise Builders with extensive training in our land, marketing and sales systems processes. You also receive comprehensive development support from the Epcon Franchising network.

National Purchasing Advantages

Work alongside our experts to implement the purchasing standards and best practices for builders in New York.

Proven Home Designs

You will gain access to proven home designs for the 55+ market in New York.

Support and Training

Our team provides our Franchise Builders with extensive training in our land, marketing and sales systems processes. You also receive comprehensive development support from the Epcon Franchising network.