Senior Living Construction Costs Brief (Summer 2020)
This special issue brief was prepared for the American Seniors Housing Association (ASHA) by Larry Graeve, Chris Harrison, and Amy Burk of The Weitz Company. For additional information, please contact:
Larry Graeve (firstname.lastname@example.org or 515.286.4822)
Chris Harrison (email@example.com or 515.240.1370)
Amy Burk (firstname.lastname@example.org or 515.286.4842)
The current ENR Construction Industry Confidence Index (CICI) dropped to 36 which is 20 points lower than the previous quarter, and the lowest point since Q2 2010. The CICI measures executive sentiment of the current market and where it will be in the next three to six months and over a 12-18 month period. A rating of 50 or higher shows a growing market, and we are far from that. The senior housing sector is in better shape than many other sectors, as there have been significant drops in the hospitality, entertainment, retail, office, and petroleum sectors.