When it comes to the buy versus rent debate, it seems that senior citizens are more in favor of making rent payments over that of a mortgage – at least that’s what this nation’s homebuilders think.

A survey from the National Association of Home Builders (NAHB) during the first quarter found that builder confidence in the 55+ housing market was more upbeat for apartment production and demand than for sales of single-family homes or condos.

It seems like this is a direct result of the financial meltdown and seniors having to tap into their nest eggs. Another cause – prospective 55+ buyers are having trouble selling their existing homes.

It turns out that rental demand for this age demographic is so great that a shortage may occur in that segment of the market.

Seniors, get your rental housing while you can.