NIC Notes

Insights in Seniors Housing & Care

Economic Trends

Seniors Housing Net Absorption Outpaces Inventory 4Q15

By: Beth Mace  |  January 13, 2016

The average occupancy rate for seniors housing properties in the fourth quarter of 2015 was 90.1%, as net absorption of units outpaced the additions to inventory. This represented an increase of 20 basis points from the prior quarter, and was 20 basis points shy of its cyclical peak of 90.3% that was reached in the fourth quarter of 2014.

Economic Trends

December’s Job Gains Are Strong At 292,000

By: Beth Mace  |  January 11, 2016

For December, the Labor Department reported that non-farm employment increased by a strong 292,000 positions, while the prior two months were upwardly revised by 50,000 jobs. Record warm weather in the month may have had an impact on the impressive December increase since construction jobs remained at unseasonably high levels.

Economic Trends

A Tale of Many Cities

By: Beth Mace  |  December 16, 2015

Occupancy Winners and Losers. Seniors housing occupancy rates vary considerably across the nation, with Lancaster, PA, ranking as the strongest occupied market among the NIC 99 in the third quarter at 96.9%, followed by Charleston, SC (at 94.9%), and San Jose, CA (at 94.8%). Four metro areas with the lowest occupancy rates share one thing in common—Texas. These include McAllen, San Antonio, El Paso, and Houston, and all had occupancy rates at or below 85% in the third quarter. The NIC 99 metro average was 90.1% by comparison.

Economic Trends

At 211,000, November’s Job Gains Are Strong

By: Beth Mace  |  December 04, 2015

The first Friday of the month at 8:30 EDT is widely anticipated by market participants as the Labor Department presents a fresh gauge of the most recent economic performance in its release of the labor report for the prior month. Today’s number was even more closely watched since it will be the most up to date information on the labor market that the Federal Reserve has prior to its FOMC meetings on December 15th and 16th. At these meetings, the Fed will assess the state of the economy and determine whether or not it should raise its benchmark interest rate which has been near zero since the depths of the recession in late 2008.

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