NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Seniors Housing  |  Workforce

266,000 Jobs Created in November, Above Consensus View

By: Beth Mace  |  December 06, 2019

The Labor Department reported that there were 266,000 jobs added in November.  This beat the consensus estimate of 187,000 and marked the 110th consecutive month of job gains.  The return of 41,000 striking workers to their jobs at General Motors helped boost this month’s gains. Even excluding the effect of the strike, payrolls were still up by a strong 225,000 in November.

Ideas and Discussion  |  Market Trends  |  Seniors Housing

Where and How Do Boomers Want to Live  As They Age?

By: Beth Mace  |  December 03, 2019

As we age, where will we want to live?  And as importantly, how will we want to live? It’s a decision that faces many of us today, either directly for ourselves or indirectly for our elderly parents. In a recent front-page Wall Street Journal article, Peter Grant drew attention to and rightfully addressed this question, as nearly 13 million older Americans face this decision today and as the massive wave of 72 million baby boomers born between 1946 and 1964 gradually approach the time where post-retirement lifestyle choices will once again need to be made.

CCRC  |  Market Trends  |  Seniors Housing

CCRC Market Trends: 3Q 2019

By: Lana Peck  |  November 25, 2019

As the seniors housing and care industry's leading data provider, NIC tracks occupancy, asking rents, demand, supply, and construction data for independent living, assisted living, memory care, skilled nursing properties—and both for-profit and nonprofit continuing care retirement communities (CCRCs, also known as life plan communities). The following narrative describes CCRC occupancy as of the third quarter 2019, supply and demand, asking rent growth, and construction trends in the combined primary and secondary markets,

Seniors Housing

Buyer Activity Strong in 3Q as Pricing Picks Up

By: Bill Kauffman  |  November 19, 2019

The U.S. seniors housing and care transactions market saw a slight drop in dollar volume in the third quarter of 2019 from the previous quarter. However, measured by the number of transactions closed year-to-date in 2019, the market seems to be very active on a relative basis. Judging by interest from investors, especially from the private buyers (discussed further below), this trend is likely to continue in the short-term barring any liquidity or economic shocks.