NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Senior Housing  |  Workforce

145,000 Jobs Created in December, Below Consensus View

By: Beth Mace  |  January 10, 2020

The Labor Department reported that there were 145,000 jobs added in December. This was less than the consensus estimate of 160,000 and marked the 111th consecutive month of job gains. For all of 2019, employers added 2.11 million jobs. That was a slowdown from the increase of 2.68 million in 2018 and ranked 2019 eighth for job growth in the past 10 years.

Ideas and Discussion  |  Market Trends  |  Senior Housing

Seniors Housing: Growing Older with Technology

By: Beth Mace  |  January 08, 2020

In 2020, there will be an estimated 23 million Americans over the age of 75 and 8.9 million over 83, a common move-in age of a resident to seniors housing. These will be members of the Greatest Generation and the Silent Generation. And some of these older individuals—roughly 90,000—will be centenarians or older. It’s not until the end of this upcoming decade in 2029 that the oldest baby boomer will have turned 83—effectively opening the proverbial floodgates for seniors housing.

Market Trends  |  Senior Housing

Seniors Housing Annual Total Returns Equal 7.80% in Q3 2019

By: Beth Mace  |  December 13, 2019

The National Council of Real Estate Investment Fiduciaries (NCREIF) recently released investment return performance indicators for the primary commercial real estate sectors, including seniors housing. The results for seniors housing are summarized in this blog post. The performance measurements reflect the returns of 124 seniors housing properties, valued at $6.5 billion in the third quarter.

Market Trends  |  Senior Housing

3Q2019 Seniors Housing Actual Rates Report Key Takeaways

By: Beth Mace  |  December 11, 2019

The NIC MAP® Data Service recently released national monthly data through September 2019 for actual rates and leasing velocity. The NIC Actual Rates initiative is driven by the need to continually increase transparency in the seniors housing sector and achieve greater parity to data that is available in other real estate asset types.