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Trend Talk.

The American Seniors Housing Association (ASHA) has released its fifth annual review of seniors housing construction, The Seniors Housing Construction Report, 2001. The survey identified 28,964 apartment homes being built in 230 seniors housing properties in 37 states--the lowest number of apartment homes being built since ASHA began tracking this data in 1996.

According to the report, assisted living construction comprises 39 percent of all seniors housing properties now being built. In previous years, assisted living comprised more than three-quarters of all new seniors housing being built.

The annual report looks at six distinct property types: seniors apartments, congregate seniors housing without assisted living, congregate seniors housing with assisted living, free-standing assisted living, assisted living with skilled nursing or specialty care units, and continuing care retirement communities (CCRCs). Of these property types analyzed, only senior apartments experienced an increase in the number of apartment homes under construction from 2000 to 2001, increasing 146 percent.

The report also features a detailed index that lists each project under construction including property type, number of apartment homes, city and state.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Units
Date:Oct 1, 2001
Words:178
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