NIC Notes

Insights in Seniors Housing & Care

COVID-19  |  Economic Trends  |  Seniors Housing

And the Beat Goes On…

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  |  Seniors Housing  |  Workforce

Record Decline of 20.5 million Jobs in April, As Stay at Home Orders Cause Massive Job Losses

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  |  Seniors Housing  |  Skilled Nursing

Five Key Takeaways from NIC’s First Quarter 2020 Seniors Housing Data Release

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  |  Seniors Housing  |  Skilled Nursing

4Q2019 Seniors Housing Actual Rates Report Key Takeaways

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.