Future Solutions to Senior Housing Declines
Current Senior Housing Trends Using NIC Data Senior living occupancy has dropped again per the latest reporting from the NIC from 2Q19. The latest census report shows senior housing down YOY and at the lowest level since 2011. According to the most recent NIC Map® this occupancy decline is especially true in the Assisted Living showing 85.1% occupancy across all primary markets. Source: NIC Map® Unfortunately, this trend does not appear to be getting any better for the foreseeable future. Annual inventory growth for primary markets continue to outpace the penetration rates, and [...]