COVID-19 | Economic Trends | Senior Housing
By: Beth Mace | May 15, 2020
And the beat goes on as the new normal of living in a world of COVID-19 becomes our reality. However, the beat is not like any rhythm we have ever known. The pandemic has changed the pace of virtually every aspect of our lives and for those of us involved in caring for America’s elders who reside in seniors housing and skilled nursing properties, the challenge has been formidable, although not insurmountable.
Economic Trends | Senior Housing | Workforce
By: Beth Mace | May 08, 2020
The Labor Department reported that there were a nose-bleedingly high 20.5 million jobs lost in April as the COVID-19 pandemic closed much of the economy and triggered massive layoffs and furloughs of employees by U.S. businesses. This dwarfed the previous record high job loss of 1.96 million jobs in 1945 at the end of WWII and the 8.7 million jobs lost during the entire last recession. Employment is now at its lowest level since February 2011. April’s decline also marked the second monthly decline in jobs after a record 113 consecutive months of job gains.
Market Trends | NIC MAP Vision | Senior Housing | Skilled Nursing
By: Beth Mace | May 01, 2020
NIC MAP® Data Service clients attended a webinar in mid-April on the key seniors housing data trends during the first quarter of 2020. Key takeaways included the following:
Market Trends | Senior Housing | Skilled Nursing
By: Beth Mace | May 01, 2020
The NIC MAP® Data Service recently released national monthly data through December 2019 for actual rates and leasing velocity. In this release, NIC also provided data on three metropolitan areas for which there is enough data to report upon: Atlanta, Philadelphia and Phoenix.
