Underbuilt and Overneeded: The Case for Investment in Senior Housing
The senior housing sector is currently facing a growing imbalance between supply and demand.
- New construction starts represent just 0.8% of existing inventory, which is the lowest level in more than 15 years
- Quarterly construction activity has dropped from an average of 3,700 new units (2022–2024) to roughly 2,200 projected for 2025
- Occupancy rates are trending higher with expectations they could approach the mid-90% range in coming years
At the same time, the U.S. population aged 75 and older is entering a period of rapid growth, creating steady, needs-based demand for modern senior housing. Meeting that demand will require significant private investment to develop and upgrade communities.

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