National Investment Center for Seniors Housing & Care (NIC)’s Post

During Q4 2023, senior housing occupancy rates rose for the 10th consecutive quarter. This continued the longest streak of occupancy rate gains ever observed in the senior housing industry. According to a recent industry report, overall senior housing occupancy rose to 85.1% in Q4 2023.

🏠📊 As we analyze the current state of the housing market, it's clear that despite reaching the highest level of new construction inventory since 2008, we remain entrenched in a housing inventory crisis. To put this into perspective, in 2019, the market boasted 2 million existing homes plus 338,000 new constructions, totaling approximately 2.3 million homes available for sale. Today, those numbers have dwindled to 1.28 million existing homes and 481,000 new constructions—a cumulative 1.76 million, marking a 23% decline since the pre-COVID high. This stark reduction of 539,000 homes underscores the challenges ahead as we strive to realign the housing inventory with growing demand. This situation presents both challenges and opportunities in real estate development and investment. Let's discuss strategies for navigating this complex market landscape. #RealEstateMarket #HousingInventory #EconomicAnalysis #ProfessionalInsights #housingcrisis #newconstruction

AMID a national #housingcrisis, apartment undersupply levels are set to worsen over the next few years, and will force buyers into the pre-commitment market and to pay more for off-the-plan apartments to compensate for higher construction costs, JLL is forecasting. #apartmentdevelopment #housingsupply #buildingandconstruction #buildingconstruction #propertydevelopment

This webinar on new home construction and rental market trends by OHBA is a great opportunity to catch up on the latest industry insights, directly from CMHC data. Essential for those interested in provincial, regional, and municipal housing trends. Don’t miss it!

Senior housing occupancy rates rose for the eleventh consecutive quarter, new data analyzed by NIC and released by NIC MAP Vision show. High rates of demand continue to push occupancy gains upward while the tight lending environment keeps the amount of new construction projects low. NIC experts forecast occupancy to surpass pre-pandemic levels sometime in 2024. https://hubs.li/Q02sxK4D0 #SeniorHousing #SeniorLiving #OlderAdults

As senior housing occupancy rates show improvement, industry experts discuss trends and challenges for 2024. Explore the factors influencing the demand for affordable senior housing and how real estate players are responding to the growing need.

The U.S. real estate market faces a profound housing shortage and affordability crisis. Howard Altshuler, CPA in Weaver’s Real Estate and Construction Services offers insights into an office-to-residential conversion trend that could bring relief to today’s market complications. https://lnkd.in/gn8R_yEZ

Downsizing trend alert! 🏠 New single-family homes are shrinking in size, but not in value. Builders are focusing on affordability, offering incentives for smaller homes. Explore the benefits of going compact in the housing market. 📊🔍

Our data tells the story - all we do is listen. Fortunately, todays story is one of growth and improving market fundamentals. Our customers confirm it with anecdotes from their operations. Now is the time to act and participate in the wave of demand coming for the senior housing industry.

The latest NIC MAP Vision report reveals exciting news for the senior housing sector, which are explored further in this recent blog post. The report shares that occupancy rates are on the rise for both primary and secondary markets. In fact, primary markets are getting close to their pre-pandemic levels, thanks to strong demand and controlled construction. What's even more interesting is that the number of occupied units in senior housing properties has reached an all-time high. Promising future ahead? Continue reading to learn more about the positive trends for senior housing.