The luxury home industry is entering a new era with a more diverse workforce.
The new demographics, including the retirement age, have been gaining momentum for decades.
While it remains to be seen how the housing market will respond to the rising retirement age of many of its workers, many of them are considering the option of retiring early, even if it means making changes in their lifestyle.
A growing number of homebuilders, designers and builders are now working with clients on ways to encourage and support their employees to remain active for longer periods of time.
These include providing health and wellness benefits, paid sick days, paid time off, and other perks.
But there is another group of professionals who are also looking to keep their employees active beyond their working life.
While many professionals are looking to stay active beyond retirement, there are still some who will choose to leave their job.
In fact, according to a survey from McKinsey & Company, more than one in five people who work in the luxury home and hospitality industries say they are planning to leave after working a certain number of years.
That’s up from around one in 10 in 2011.
The McKinsey survey also revealed that more than half of respondents would consider retiring before they reached a certain age, and that more people would consider that than the industry as a whole.
For instance, fewer than one-in-three people are planning on retiring before age 65.
Another reason many of these professionals are considering retirement is the growing demand for luxury homes.
According to a report by RealtyTrac, the average price of a home is currently rising at a pace of 8 percent annually.
This is despite a decrease in home prices in recent years, according for example, to $2.4 billion in the first quarter of 2016.
The average price in the industry, meanwhile, has remained steady over the last several years at around $1.6 billion.
As the market for luxury home sales continues to grow, it’s becoming increasingly difficult for the professionals in the business to stay employed.
In a survey conducted in late 2015, nearly half of the workers who answered McKinsey’s survey said they had left their current job in order to look for a better-paying career.
That number rose to 63 percent for professionals who worked in the hospitality industry, up from 49 percent in 2015.
And with home prices rising so quickly, many homebuilders are finding it difficult to keep up with demand.
The McKinsey report found that nearly a third of homebuilding firms surveyed said that they would close a sale because of the rising cost of land, energy and maintenance, as well as the higher cost of materials and materials.
A number of other firms said they would take the drastic step of downsizing.
The survey also found that some builders have found it difficult in recent months to find qualified tradespeople.
“Many homebuilders have struggled with finding qualified tradesperson candidates who can meet current needs, and the lack of qualified tradespersons has made it difficult for them to expand their workforce in the future,” the report stated.
“Many of these tradespeople are also leaving the industry to take jobs in other industries, including hospitality.”
For many, retirement is a last resort option, so many are considering other options.
For example, the number of retirees who have opted to take time off is growing.
A report from Equifax found that the average number of people who are currently looking to retire is more than double what it was in 2014.
In 2015, the industry was at about 20,000.
That year, however, the report found, more Americans had taken time off.
According to the McKinsey study, about 40 percent of people surveyed plan to retire within the next 12 months.
But as the housing industry continues to become more diverse, it is important that people in these communities understand how to navigate retirement without impacting their employment.