Single-family homes and traditional apartments are not the only residential sectors being hit by a lack of supply. Senior-focused homes are also feeling the pinch.
Maricopa County data showed only 505 homes available last month in retirement communities. Real estate professionals in Peoria have called the city’s supply “infinitesimal,” with only 33 homes of any type listed as “active” or “coming soon.” Six of those were manufactured homes.
Demographic shifts in birth and death rates could eventually make retirement home supplies more plentiful, but that process will take years.
Builders and planning officials have long worried about the risk of overbuilding, and professionals remain uncertain as to how the current supply and demand situation will play out over time. (Source)