Senior Housing News January 28, 2025
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In 2025, demand is surging. The rate of newly built communities is not. If the industry does not move faster and conditions persist into next year, it will run into challenges as it seeks to grow for the boomer generation.
A big development rebound is unlikely for 2025, exacerbated by inaccessibility to financing as lending remains a barrier to new growth.
Myriad factors complicate the current gap between new units entering markets and accelerating demand, including sustained increased construction costs and lack of access to financing favorable to start new projects.
“We see this as a three-to-five year runway with the current conditions and we’re going to have an imbalance,” said Phoenix...
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