Despite the continued slowdown in the residential construction industry there is one area of real estate development that has been on the rise – assisted living facilities. Earlier this year the New York Times reported that smaller construction firms concentrating on senior housing have been profitable during the economic downturn.

The aging of the baby boomer generation has lead to growth in the health care industry during the recession and now the construction industry is also benefitting. The increasing number of seniors will bring about the need for more quality nursing homes, assisted living facilities and retirement communities. The expected increase of age related diseases like Alzheimer’s disease and dementia has banks realizing that these types of developments are going to be necessary. The recession of 2008 had led to a stoppage of this kind of specialized construction and now there is a great shortage.

The National Investment Center for Senior Housing and Care reports that New York City and its surrounding area have the lowest amount of new construction at the present time. Considering the number of households in the area with people aged 75 and over there needs to be a dramatic increase in assisted living centers to keep up with demand.

On the other side of the country The Wilsonville has been keeping up with demand for senior housing with the latest addition to our senior care community – Forest Court. This independent living area offers one and two bedroom apartments with many activities nearby to help you maintain an active lifestyle.

The Wilsonville also provides assisted living facilities for those afflicted with Alzheimer’s, cognitive impairment and other medical conditions.  We understand the growing need for senior housing and assisted living and make every effort to provide top level care and housing for seniors in Oregon.