A selection of lucky baby boomers seemingly have won the housing market, but they haven't met their final boss just yet—the elusive retirement home. The generation is aging into worn infrastructure, and it appears that senior homes are ill-equipped to deal with the incoming class.
What once was an excess of supply has become a dearth, as the Wall Street Journal warns of a shortage on the horizon. If the current rate of development stays the same, just 191,000 new housing units will be added by 2030—short of the 560,000 needed to usher in the aging population, data service NIC MAP tells the Journal.
