NIC MAP in the News

Learn about the latest products and data releases and see what others are saying about NIC MAP.

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Aging boomers rekindle senior-housing market

February 24, 2025 | YieldPro

Senior housing is shifting from oversupply to a looming shortage as millions of baby boomers approach age 80, with NIC MAP projecting a need for over 560,000 new units by 2030—but only 191,000 expected at current development rates. Arick Morton, CEO of NIC MAP, emphasizes the urgency, stating, “The senior housing industry would need to […]
Read at YieldPro

Generation X is ready for senior living. Here’s what they want.

February 24, 2025 | MarketWatch

“The industry needs to develop at nearly twice its pace each year for the next 20 years to meet senior housing demand,” said Arick Morton, CEO of NIC MAP, which projects over $1 trillion in new inventory will be needed by the early 2040s—leaving an $800 billion shortfall if current trends persist.
Read at MarketWatch

Soon, the sky’s the limit for senior housing developers

February 20, 2025 | McKnights

Senior housing developers are gaining confidence as demand accelerates and market fundamentals strengthen. NIC MAP data points to rising occupancy and favorable trends, signaling new opportunities for growth and investment across the sector.
Read at McKnights

Population Growth Fuels Hot Markets

February 17, 2025 | Seniors Housing Business

Senior housing developers are targeting fast-growing regions to meet rising demand from the aging population. NIC MAP’s 2024 Senior Housing Market Outlook shows that keeping pace will require record-setting inventory growth, with Raleigh, San Jose, and Washington, D.C. leading the way.
Read at Seniors Housing Business

Navigating growth and challenges in senior housing

February 14, 2025 | Argentum

Written by Arick Morton, CEO of NIC MAP, this article outlines how the senior housing industry is entering a pivotal era marked by record-setting demand, shifting demographics, and a persistent supply-demand imbalance.
Read at Argentum

Senior Housing Shortage or Opportunity?

February 14, 2025 | Argentum

NIC MAP, Argentum’s data partner, projects that over 560,000 new senior housing units will be needed by 2030 to meet rising demand—but with current development trends, only 191,000 units are on track to be delivered. “We’ve never had a population pyramid that looks like this,” said Arick Morton, CEO of NIC MAP.
Read at Argentum

Aging Boomers are about to rekindle the senior-housing market

February 11, 2025 | Wall Street Journal

The senior housing market is poised for a major resurgence as aging baby boomers drive a surge in demand, following years of slowed development and pandemic-related setbacks. Arick Morton, CEO of NIC MAP, notes the urgency of the moment, stating, “We need to build a lot more units, and we need to do it soon.”
Read at Wall Street Journal

With improving occupancies, limited supply and favorable demograhics, HUD lenders have the wind at their backs

February 11, 2025 | Seniors Housing Business

Seniors housing occupancy across the 31 primary markets tracked by NIC MAP rose from 86.5% in Q3 2024 to 87.2% in Q4, surpassing pre-pandemic levels—a sign of the sector’s strengthening fundamentals that has HUD lenders optimistic about increased loan volume in FY 2025, driven by robust M&A activity and growing demand for permanent financing.
Read at Seniors Housing Business

Why senior living providers are on cusp of best-ever years of occupancy, margin

February 6, 2025 | Senior Housing News

Senior living providers may be entering their strongest years yet for occupancy and margin growth, according to NIC MAP’s Senior Housing Market Outlook, which highlights rising demand, stabilizing labor markets, and improving operational performance across the sector.
Read at Senior Housing News

A lost opportunity for senior living?

February 6, 2025 | McKnights

Senior living leaders face a pivotal opportunity to shape public perception, as shifting market dynamics demand more effective advocacy and communication. While occupancy rates continue to climb—potentially reaching 90% by 2026—new construction is not keeping pace with growing demand.
Read at McKnights

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