Economic Trends | Market Trends | Workforce
By: Bill Kauffman | October 27, 2017
Closed transactions volume started off relatively strong in 2017 totaling $4.6 billion in the first quarter, but then experienced a significant decline in the second quarter to only $2.2 billion. However, the third quarter of 2017 saw a vibrant uptick of dollar volume with a 113% increase from the second quarter.
Economic Trends | Ideas and Discussion | Market Trends | Senior Housing
By: Lana Peck | October 18, 2017
The 20th annual Ziegler Senior Living Finance + Strategy Conference, held October 4th through 6th in Colorado Springs, focused on trends primarily affecting not-for-profit senior living providers.
By: Beth Mace | October 11, 2017
The effects of Hurricanes Harvey and Irma were seen in the September employment report issued by the Labor Department last Friday. The report showed that there was a loss of 33,000 jobs in September, significantly worse that then consensus forecast of a gain of 90,000. Hardest hit was the restaurant sector which had a loss of 105,000 jobs. The sector normally generates a gain of 30,000 jobs in any given month. It is likely that this month’s data will be viewed by the Federal Reserve as storm-related and little policy change will ensue.
Economic Trends | Senior Housing
By: Liz Liberman | October 04, 2017
Shortly following the hurricane that left many in Florida without power and resources for days on end, Florida Gov. Rick Scott issued an executive order requiring nursing homes and assisted living facilities to install backup generators within 60 days of the order. As discussed in the recent NIC blog on the order, the potential for a challenge to the measure could impact the timeline or requirements of the Governor's executive order. While the Florida Health Care Association (FHCA), representing most of the state's nursing homes and which convened to discuss the rule following the announcement, expressed its support for the measure, others object to the requirements. LeadingAge Florida, which represents non-profit nursing homes and other sectors that provide housing and services to seniors in the state, filed a legal challenge against the rule September 26. Florida Argentum and the Florida Assisted Living Association also filed challenges. Following the LeadingAge challenge, Miami city commissioners gave approval of legislation similar to Gov. Scott's executive order. Meanwhile, advocates in Ohio have expressed the need for comparable rules in their own state.
