United States Needs More Senior Housing

By 2030, Americans over 80 are projected to add 5M people, roughly a third more than today, then nearly double by 2040.
To keep up, the US needs 576K units by 2030 and 1M by 2040, requiring $1T in new senior housing investment nationwide.
Construction slump plus aging stock: only ~10K new senior units started in 2025, one-third of 2021, while ~40% of existing inventory is >25 yr old.
Market fundamentals improved as slower building let existing units fill: occupancy rebounded to ~93%, strongest in ~10 yr, while absorption averaged ~32K yearly.
Experts said if construction stays slow, scarcity could grow, making more appealing right-sized homes and lower move-related costs important for older Americans considering downsizing.