COVID-19 | Market Trends | NIC MAP Vision | Senior Housing
By: Beth Mace and Omar Zahraoui | December 17, 2021
Since the start of the pandemic, senior housing properties have all experienced wide-ranging pandemic-related challenges, but the depth of the demand contraction has differed across markets. As senior housing demand began to recover in the second quarter of 2021 and registered its strongest increase the following quarter (3Q2021), NIC MAP® data, powered by NIC MAP Vision, shows that certain markets are recovering quickly, while others continue to lag. Due to the skewed pandemic impact the sector has experienced, the demand recovery paths and timelines are proving to be uneven across both markets and properties.
Market Trends | NIC MAP Vision | Senior Housing | Skilled Nursing
By: Beth Mace and Omar Zahraoui | July 30, 2021
The recently released NIC MAP® Data, powered by NIC MAP Vision, show that the seniors housing occupancy rate remained unchanged for the aggregated 31 NIC MAP Primary Markets in the second quarter of 2021. However, a recent analysis by NIC Analytics digs further and finds a substantial rise in the share of properties with increasing occupancy rates in 2Q2021.
COVID-19 | Executive Survey Insights | Market Trends | NIC MAP Vision | Senior Housing | Skilled Nursing
By: Beth Mace and Omar Zahraoui | June 10, 2021
While it is still early to say if the seniors housing and care market is showing strong and durable signs of a recovery, several indicators from the NIC MAP® Data, powered by NIC MAP Vision, and from NIC Analytics have sparked cautious optimism and suggest that we may be at least at the bottom of the cycle. Occupancy rates may have reached the low point in February and March of 2021; however, the outlook for when occupancy will return to pre-pandemic levels remains a question.
COVID-19 | Skilled Nursing | Skilled Nursing Tracker
By: Beth Mace and Omar Zahraoui | June 02, 2021
A look back at a year’s worth of data on COVID-19 case counts in U.S. nursing homes reveals some surprising insights, and some important questions. The data indicate that U.S. skilled nursing facilities (SNFs) are currently the safest places to be for frail older adults, who are most susceptible to the virus. In fact, case counts within SNFs are down 98% since the December 20th launch of the long-term care vaccination program. By May 16, they accounted for about 0.3% of U.S. cases.