NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Market Trends  |  Senior Housing  |  Skilled Nursing  |  Workforce

Economy Adds 304,000 Jobs in January

By: Beth Burnham Mace  |  February 01, 2019

The Labor Department reported that there were a significant number of jobs added in January--304,000 and well above the consensus expectation of 172,000. This was the 100th consecutive month of job growth.  December was revised down to 222,000 from 312,000 and November was revised up to 196,000 from 176,000.

Economic Trends  |  Market Trends  |  Senior Housing  |  Workforce

Five Key Takeaways from NIC’s Fourth Quarter 2018 Seniors Housing Data Release

By: Beth Burnham Mace  |  January 23, 2019

NIC MAP® Data Service clients attended a webinar in mid-January on the key seniors housing data trends during the fourth quarter of 2018.  Key takeaways included the following:

Economic Trends  |  Market Trends  |  Senior Housing  |  Skilled Nursing  |  Workforce

Economy Adds 2.64 million Jobs in 2018

By: Beth Burnham Mace  |  January 04, 2019

Over the year, the U.S. economy added 2.64 million jobs, making it the third best year for job growth since the recession a decade ago and the third best year since 2000.

Economic Trends

Deep Dive: A Three-year Look Back at Supply and Demand Dynamics by Metropolitan Market

By: Beth Burnham Mace  |  December 12, 2018

As in all real estate, “its local” for seniors housing as well.  Indeed, while the seniors housing occupancy rate remained at a six-year low rate of 87.9% in the third quarter, not all markets were weak. There was a very wide disparity between the best and poorest performing markets with a 13.8 percentage point variance between the most occupied market (San Jose: 94.6%) and the least occupied market (Houston: 80.8%) in the third quarter. Every market performs differently as unique conditions and factors contribute to disparate development and demand patterns at the local and metropolitan market level.