NIC Notes

Insights in Seniors Housing & Care

Economic Trends

At 160,000 April’s Job Gains Slowed from Recent Pace

By: Beth Mace  |  May 06, 2016

The Labor Department reported that nonfarm employment increased by 160,000 positions in April, less than the 200,000 positions consensus projection. Over the past 12 months, monthly job increases have averaged 232,000.    Employment increased in in professional and business services, health care, and financial activities. Job losses continued in mining.   The change in total nonfarm payroll employment for February was revised from 245,000 to 233,000, and the change for March was revised from 215,000 to 208,000.

Economic Trends  |  Skilled Nursing

Hospital - Skilled Nursing Relationship in Flux

By: NIC  |  April 27, 2016

By Liz Liberman, Health Care Analyst, NIC

Economic Trends

Construction Starts Slip in First Quarter

By: Beth Mace  |  April 20, 2016

For the second consecutive quarter, new development activity for seniors housing showed a marked slowdown. Indeed, seniors housing construction starts totaled 2,737 units in the first-quarter of 2016, comprised of 802 independent living units and 1,935 assisted living units. On a four-quarter basis, a slowdown also was evident, as starts totaled 19,243 units, the weakest pace in a year. The decline in starts may suggest that the market is responding to well-publicized concerns about supply. Data for the second and third quarter will further illuminate this possibility. Anecdotally, some properties scheduled to break ground in the first quarter failed to do so because of higher construction costs or the discovery of new competition in the area, or because they were waiting on final financing approval.

Economic Trends  |  Skilled Nursing

Initial Findings: NIC’s Skilled Nursing Data Report

By: Bill Kauffman  |  April 13, 2016

NIC released its initial Skilled Nursing Data Report on March 10, 2016. The report included a few key data points that showed time-series data from October 2011 through December 2015. This week’s blog post provides a more detailed analysis of the current data release.