Seniors Housing Positioned for Growth
Seniors housing occupancy has grown for 13 consecutive quarters, according to the National Investment Center for Seniors Housing & Care (NIC). In the third quarter of 2024, a quarter-over-quarter increase of 70 basis points bumped average occupancy in the U.S. up to 86.5 percent, a level just a notch below what it was in late 2019. Additionally, the annual number of seniors housing unit starts has declined to below the number of units being delivered, the organization says.