NIC Notes

Insights in Seniors Housing & Care

Senior Housing  |  Workforce

Labor Is a Challenge--A Familiar Lament

By: Beth Mace  |  June 28, 2017

Increasingly, operators of seniors housing and care properties are reporting labor shortages in all occupations across their operating platforms, ranging from care managers to executive directors. More broadly, U.S. employers in April advertised the most job openings in 16 years, yet hiring fell and fewer people quit work. Indeed, job openings rose 4.5% in April to more than 6 million, the most since December 2000, while hiring fell 4.8% to just over 5 million. Moreover, with the national unemployment rate falling to a 10-year low of 4.3% in May 2017, the challenge of recruiting and retaining employees is expected to only grow.

Workforce

NEW: NIC MAP’s New Employment and Wage Data Report

By: Beth Mace  |  June 21, 2017

I’m excited to tell you about new reports that have been launched on our NIC MAP® web client platform. Called the NIC MAP Bureau of Labor Statistics Employment and Wage Reports, they aim to help our clients assess and benchmark local labor pools and wage rates.

Economic Trends  |  Regulatory Environment  |  Skilled Nursing

The Case for Small Reforms within Long-Term and Post-Acute Care

By: Liz Liberman  |  June 14, 2017

While major reforms of the Affordable Care Act, such as those proposed by the Trump administration and Republican leaders in Congress are sure to have an impact on the post-acute and long-term care industry--if passed--by dedicating all our attention to the big "what ifs", we may be ignoring the trees for the forest.

Senior Housing

Seniors Housing Returns Moderate, but Continue to Outpace Broader Property Index

By: Beth Mace  |  June 09, 2017

Investment returns for seniors housing historically have outpaced the overall NCREIF (National Council of Real Estate Investment Fiduciaries) Property Index (NPI), a property-level index that tracks investment return performance for commercial real estate. But while seniors housing returns outperformed the NPI in the first quarter of 2017, the total annual return for this sector has been slowly trending down since mid-2014.

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