NIC Notes

Insights in Seniors Housing & Care

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

The  Impact of COVID-19: Five Key Takeaways from NIC MAP’s 2Q20 Seniors Housing Data Release

By: Beth Mace  |  July 31, 2020

NIC MAP® Data Service clients attended a webinar in mid-July on the key seniors housing and nursing care data trends during the second quarter of 2020. Led by the NIC research team, the webinar presented findings that reflected the impact of COVID-19 across the seniors housing and care sector. Key takeaways included the following:

Economic Trends  |  Senior Housing

Economic Update—It’s All About COVID-19

By: Beth Mace  |  July 30, 2020

A lot of economic news today, much of which was not encouraging. First, the long-awaited first estimate of GDP growth in 2Q 2020 was released by the Bureau of Economic Analysis and as anticipated the number was historic, with an annualized decline of 32.9% reported. Second, and for the second consecutive week, the number of initial claims filed for unemployment insurance rose. Third, the Chair of the Federal Reserve, Jerome Powell, encouraged Congress to act quickly to inject further fiscal stimulus into a weakening economic landscape.

Economic Trends  |  Senior Housing  |  Workforce

Jobless Rate Slips Back to 11.1% in June, but Still Remains High

By: Beth Mace  |  July 02, 2020

The Labor Department reported that nonfarm payrolls rose by 4.8 million in June and that the unemployment rate fell to 11.1%. This is decidedly good news and suggests that the employment recovery from the precipitous COVID-related drop in March and April continues to reverse course. Combined, 7.5 million jobs were generated in May and June, recouping some of the 22.2 million jobs lost in March and April. Said another way, the June level of payrolls was 14.7 million below February’s.

Market Trends  |  NIC MAP Vision  |  Senior Housing

1Q2020 Seniors Housing Actual Rates Report Key Takeaways

By: Beth Mace  |  June 17, 2020

The NIC MAP® Data Service recently released national monthly data through March 2020 for actual rates and leasing velocity. In this release, NIC also provided data on three metropolitan areas for which there is sufficient data to report upon: Atlanta, Philadelphia, and Phoenix.