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Retirement Communities in the US - Industry Market Research Report

  • August 2016
  • -
  • Ibisworld
  • -
  • 42 pages

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Golden years: Aging population, new programs and offerings will benefit the industry



Abstract

Retirement Communities in the US

The Retirement Communities industry is forecast to exhibit accelerated growth in the next two decades. An aging population and growing need for dementia care, which is provided to those with memory impairment, are stimulating much of the industry's growth. In the past five years, the number of assisted living facilities that provide dementia care has risen as a proportion of total facilities. While the industry exhibited resistance to the economic downturn, the poor housing market hampered individuals' ability to move into a community because many seniors finance the expenses of retirement communities through selling their houses. However, since bottoming out, occupancy rates have been on the rise across the industry, benefiting from the associated rise in housing prices that began in 2012. In the five years to 2021, a growing economy, an aging population, healthcare reform and new services will facilitate industry growth. As the housing market grows, more seniors will be able to sell their homes and pay resident fees. However, despite increased financing for the construction market, risk associated with bank-line renewal and the lower liquidity that many operators are experiencing will likely cause them to depend on real estate investment trusts to supply new industry facilities.

This industry provides residential and personal care services for the elderly and other individuals who are unable to fully care for themselves or who desire to live in a community facility. The industry excludes companies that predominantly provide inpatient nursing, skilled-nursing or rehabilitative services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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