A slowdown in construction starts and inadequate capital investment is not doing much to bring the necessary additional senior housing units this decade, according to a new report from NIC MAP Vision.
Calculations by NIC MAP Vision project the need for an additional 156,000 additional senior housing units by 2025 for those ages 80+, 549,000 additional units by 2028, and 806,000 additional units by 2030.
Last year saw record-low construction starts and currently, only about 40% of the $400 billion investment needed by 2030 is currently on-pace to be fulfilled.
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