NIC Notes

Insights in Seniors Housing & Care

COVID-19  |  Market Trends  |  NIC MAP Vision  |  Seniors Housing

Did Seniors Housing Occupancy Declines Vary by Operator Size in 2020?

By: Beth Burnham Mace and Anne Standish  |  March 31, 2021

A lot of attention has been paid to the occupancy challenges that seniors housing operators have faced since the COVID-19 pandemic began in early 2020. This blog focuses on the impact of the pandemic on occupancy by operator size. We conclude that single-property operators generally saw smaller occupancy declines during 2020 than very large operators. New supply, as well as pandemic-related changes in the rates of move-ins and move-outs, contributed to this disparity.

Economic Trends  |  Seniors Housing

Looking into the Future:  How Much Seniors Housing Will Be Needed?

By: Beth Burnham Mace and Anne Standish  |  September 26, 2019

A frequent question NIC receives is how much seniors housing will be needed for tomorrow’s aging baby boomers.  Using the most recent U.S. Census population projections, NIC has estimated the number of seniors housing units that will be needed through 2040.   Since projections are as much art as they are science, we have also created a few scenarios that project needed new supply based on different penetration rates and different household age cohorts.

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