Senior Housing Outpaces Demand, Baby Boomers Staying At Homeby 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.