Senior Living Providers, Investors Must Heed Early Warning on Oversupply

function memberfulTrackingData(parameters) {
const queryString = window.location.search;
const urlParams = new URLSearchParams(queryString);
const utm_source = urlParams.get(‘utm_source’) || “”;
const utm_medium = urlParams.get(‘utm_medium’) || “”;
const utm_campaign = urlParams.get(‘utm_campaign’) || “”;
parameters.pageTitle = document.title;
parameters.utm_source=utm_source;
parameters.utm_medium=utm_medium;
parameters.utm_campaign = utm_campaign;
return parameters;
}

I did not expect potential senior housing oversupply to be a hot topic at the National Investment Center for Seniors Housing & Care (NIC) conference last week, but I also was not surprised by the concerns.

I did not anticipate that oversupply would be a hot-button issue because high material costs, construction industry labor pressures and tangled supply chains are still presenting obstacles for new development.

On the other hand, I was not shocked to learn that construction is surging, with some markets seeing more starts in Q42021 than they did in Q42019, according to NIC data. That finding lines up with statistics from other sources, including architecture, engineering, and construction data firm PSMJ Resources. And it aligns with messages from senior living operators and developers, who have signaled an intention to pursue new construction despite obstacles.

The post Senior Living Providers, Investors Must Heed Early Warning on Oversupply appeared first on Senior Housing News.

Source: For the full article please visit Senior Housing News