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Today's economic conditions have significant implications for Baby Boomers' choices, according to NIC. Baby Boomers are expected to leave their mark on senior housing.
Senior housing occupancy levels have rebounded since the pandemic, owing to continuing robust demand for senior housing. The senior housing occupancy rate for rose to 83.7 percent in the second quarter of 2023, according to a report from the National Investment Center for Seniors Housing & Care.
Senior housing occupancy rates rose to 83.7% in the second quarter, marking eight consecutive quarters of increases.
The population is aging at a rapid pace, yet supply of senior housing has slowed.