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  |  Ideas and Discussion

The Assisted Living Community of the Future

By: NIC  |  January 06, 2016

While the boomers aren’t yet being served by assisted living, the industry is already looking ahead to anticipate the changes this dynamic population will bring. This evolution is already underway, as the industry begins serving the silent generation, now in their mid-80s and starting to enter assisted living.

Economic Trends  |  Ideas and Discussion

NIC Scholarship Program Encourages New Grads to Choose Senior Living as a Career

By: NIC  |  December 30, 2015

As America’s senior population continues to grow at an unprecedented rate, the need for a larger, well-trained workforce is becoming imperative. And while the growth of the seniors housing and care industry offers exceptional career opportunities for those entering the workforce, the industry at large is still often over looked.