Assisted living occupancy up, construction down: NIC

Of interest to many active-aging industry stakeholders, third-quarter 2019 data from the National Investment Center for Seniors Housing and Care (NIC) show that senior housing occupancy increased to 88%, up from its lowest level in eight years (87.7%) recorded during the previous quarter. Against this backdrop, assisted living occupancy increased to 85.4% from a previous record low of 85.1% for the past three quarters, as relatively robust demand outpaced new inventory growth.