Total Revenue for Continuing Care Retirement Communities, All Establishments, Employer Firms
REVEF623311ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,119.00
Year-over-Year Change
56.33%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by continuing care retirement communities, a key segment of the senior housing industry. It provides insights into the financial health and demand for these specialized long-term care facilities.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The total revenue for continuing care retirement communities, or CCRCs, tracks the sales and income of these establishments that provide a range of housing, health care, and support services for older adults. This metric is used by economists and policymakers to assess the overall activity and viability of the CCRC industry.
Methodology
The data is collected through surveys of employer firms in the CCRC sector by the U.S. Census Bureau.
Historical Context
Trends in CCRC revenue are closely monitored by real estate analysts, senior care providers, and government agencies to understand market dynamics and potential policy implications.
Key Facts
- CCRCs provide housing, health care, and support services for older adults.
- The CCRC industry generated over $70 billion in revenue in the latest year.
- Revenue trends reflect demand and financial health of the senior care sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by continuing care retirement communities (CCRCs), which provide a range of housing, health care, and support services for older adults.
Q: Why is this trend relevant for users or analysts?
A: Trends in CCRC revenue are closely watched by real estate analysts, senior care providers, and policymakers to assess the financial health and demand for this important segment of the senior housing industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms in the CCRC sector conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Government agencies and policymakers monitor CCRC revenue trends to understand market dynamics and inform policies related to senior housing, long-term care, and health care economics.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent economic conditions in the CCRC industry.
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Citation
U.S. Federal Reserve, Total Revenue for Continuing Care Retirement Communities, All Establishments, Employer Firms (REVEF623311ALLEST), retrieved from FRED.