Uneven Seniors Housing Recovery Taking Shape, Says NIC

Is the seniors housing market stabilizing? The latest data offers conflicting signals as occupancies continue to decline but rents cling to slightly positive gains, according to newly released data from the National Investment Center for the Seniors Housing & Care Industry (NIC).

Construction activity continues to slow, which could mean higher occupancies ahead. Still, it may take several more quarters to burn off excess inventory. And a big supply of new buildings in some major metros could be a drag on those markets for the remainder of the year.