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1.8 Million Units of Housing Needed by 2040 for Growing Senior Population

Nurses having discussions with seniors patients in retirement house

Nearly two million more units of senior housing by 2040 are needed to accommodate current growth, according to American Seniors Housing Association (ASHA).

Despite the current oversupply in senior housing, aging Baby Boomers will increase the demand steadily in the coming decade. Between 2030 to 2035, an addition of 96,000 units per year will be needed to accommodate them.

Source: Senior Housing News. 1.8 Million More Seniors Housing Units Needed by 2040.