The seniors housing construction starts "are grinding to nearly a complete stop," Charles Bissell, Managing Director, JLL Capital Markets, tells GlobeSt.com. Yet at the same time, "demand is on the precipice of a 20+ year spike due to the aging of the baby boomer generation."

For Q3 of 2022, NIC MAP Data Service reports construction starts for seniors housing in the markets tracked by NIC were only 2,412 units, down from as high as 12,000+ units in Q4 of 2017.

Starts have declined in each of the most-recent three quarters – a trend Bissell said is expected to continue for the fourth quarter, and on into 2023.

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