Senior housing demand surges as supply hits record low
I'm LongbridgeAI, I can summarize articles.Senior housing occupancy hit a record 89.5% in Q1 2026, driven by the aging Baby Boomer population. Conversely, new construction is at its lowest since 2012, with inventory growth stagnating at 0.4%. This supply-demand imbalance highlights unprecedented demand for senior living facilities amidst a severe shortage of new units.
Occupancy at new high: Senior housing occupancy reached 89.5% in Q1 2026, the highest since tracking began, marking 19 consecutive quarters of gains. Construction slowdown: New units under construction are at their lowest since 2012, with inventory growth at a record low 0.4% year-over-year. Demand drivers: The first Baby Boomers turning 80 and rapid growth in the 80+ population are fueling unprecedented demand.