Senior Housing Outpaces Demand, Baby Boomers Staying At Home
by Richard Kuehn on 11/03/18
The supply of senior housing has
soared in recent years, outpacing demand despite the number of baby boomers
that are retiring. Many seniors are
staying put, remaining in their own homes.
The market has added 85K units since the end of 2012, up from less than
60K units in the six years prior, according to the National Investment Center
for Seniors Housing & Care. Another
thing impacting the lack of demand for senior housing is that baby boomers are
staying fitter and in better health than prior generations. Research shows that people tend to move into
senior-living facilities after they hit 82.
The oldest baby boomer won’t turn 80 until 2026.
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