Every construction project has two phases: planning and building. Often not enough effort is put into the first before the second begins. By putting more time and consideration into organizing, senior living providers will be better able to manage costs in the long run.
Construction activity has slowed significantly in the seniors housing sector, according to a report released Thursday. The findings mirror a general lack of capital for new construction, creators of the report said.
Construction activity in the seniors housing and care sector has slowed significantly over the last two years, due largely to the overall economic recession, according to a new report. "The 2009 Seniors Housing Construction Trends Report" was produced by the National Investment Center for the Seniors Housing and Care Industry (NIC) and the American Seniors Housing Association (ASHA).