Seven metropolitan markets have accounted for 30% of the growth in seniors housing inventory in the past year, according to the National Investment Center for Seniors Housing & Care.
Those markets are Dallas, Chicago, Minneapolis, Atlanta, Houston, Miami and Boston, NIC Chief Economist Beth Burnham Mace wrote in a recent blog post. “Dallas and Minneapolis alone accounted for 12% of all new seniors housing inventory in the past 12 months,” she said.
Almost 35,000 units had been added to inventory over the past year, Mace said.
Relative to each metropolitan market’s own inventory, she said, seven markets have seen gains in inventory of more than 10% over the year: New Orleans; Salt Lake City; Albuquerque, NM; Austin, TX; Melbourne, FL; Jacksonville, FL; and El Paso, TX.