Senior housing
Senior housing occupancy nears a record high as most major markets pass 90%
New third-quarter data from NIC MAP shows senior housing occupancy across the largest U.S. markets rose to about 90.4%, close to a record. Assisted living saw the biggest gain of any housing type, climbing to about 89.1%, while independent living reached about 91.7%. More than half of the primary markets NIC tracks are now above 90% full. At the same time, new construction remains near historic lows, so the supply of new apartments is growing very slowly.
Why it matters: With communities filling up and little new construction, families who start looking early tend to have more choices.
Read the full story at NIC (National Investment Center for Seniors Housing & Care)