September 2024 Update on Senior Housing and Census Operations

Inquiries showed positive momentum with a 21% increase in September, driven by strong performance in July and August, leading to a rise in census. Despite a slight industry-wide dip in September, the steady trends over the last six months signal resilience. The average tour-to-move-in timeline extended to 94 days, likely due to the increasing time it takes for new residents to sell their homes, a common trend across U.S. markets. This reflects the ongoing demand and gradual conversion processes, with 90-120 day conversions supporting future growth.

September 2024 Update on Senior Housing and Census Operations
2024-10-18T21:38:46+00:00
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