Senior housing market sees slow recovery, report finds

Share this article:

Although construction of senior living housing has continued its decline, occupancy rates grew slightly in the fourth quarter of 2011, a new report shows.

Occupancy rates at assisted living facilities and nursing facilities remained relatively flat compared to the previous quarter, according to NIC MAP, a data analysis service of the National Investment Center for the Seniors Housing & Care Industry. The average occupancy rate for assisted living facilities was 88.6% in the third quarter, with no change from the previous quarter. For nursing facilities, the average occupancy rate was 88.2%, for a decline of 0.1 percentage points from the third quarter. Only independent living showed growth, increasing .2 percentage points.

"With occupancy continuing to rise, it is clear the recovery is underway, however, independent living has been driving much of the occupancy gains in recent quarters," said NIC MAP Vice President Michael Hargrave.

Click here for more information on the report.

Share this article:

More in News

Antipsychotics reduction goal is 25% by end of 2015, CMS and provider groups announce

Antipsychotics reduction goal is 25% by end of ...

Long-term care providers are being asked to reduce the use of antipsychotic medications among residents by 25% by the end of 2015, and 30% by the end of 2016. Providers ...

CDC issues new guidelines on pneumococcal vaccine, says LTC flu vaccination rates remain low

CDC issues new guidelines on pneumococcal vaccine, says ...

Long-term care workers continued to have low rates of flu vaccination last season, despite there being 92% vaccination coverage overall among physicians and nurses, the Centers for Disease Control and ...

AL operators accused of withholding $2M in unpaid overtime, minimum wages ...

Four California assisted living operators are facing eight felony charges related to wage theft, tax and insurance violations, according to local reports.