NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Seniors Housing

Looking into the Future:  How Much Seniors Housing Will Be Needed?

By: Beth Burnham Mace and Anne Standish  |  September 26, 2019

A frequent question NIC receives is how much seniors housing will be needed for tomorrow’s aging baby boomers.  Using the most recent U.S. Census population projections, NIC has estimated the number of seniors housing units that will be needed through 2040.   Since projections are as much art as they are science, we have also created a few scenarios that project needed new supply based on different penetration rates and different household age cohorts.