Anyone who’s even marginally connected with the residential furniture business is well aware of the historic consumer demand and unprecedented supply chain challenges the industry has been experiencing for months. It’s more than a full time trying to stay on top of the latest developments.
But there’s one fairly obscure segment of the furniture business that is just now showing signs of a recovery – the senior housing market. And that presents an opportunity for companies who can build products that meet the rigorous contract furniture specifications the segment requires.
According to Seniors Housing Business, a respected trade publication covering the category, occupancy rates at independent living and assisted living facilities have plummeted since March 2020 as seniors hunkered down in their existing residences and senior housing properties struggled to find