NIC Notes

Insights in Seniors Housing & Care

Business Environment  |  Market Trends  |  Senior Housing  |  Skilled Nursing

2Q22 NIC Lending Trends: Senior Housing Mini-Perm/Bridge Lending Rises

By: Omar Zahraoui and Bill Kauffman  |  November 09, 2022

NIC Analytics released the 2Q 2022 NIC Lending Trends Report today. The quarterly report, available for free to NIC's constituents, currently tracks $86.8 billion in senior housing and nursing care loans. The report includes data over five years for construction loans, mini-perm/bridge loans, and permanent loans from 3Q 2016 through 2Q 2022.

Economic Trends  |  Senior Housing  |  Workforce

261k New Jobs Created in October: Jobless Rate Inched Higher to 3.7%

By: Beth Burnham Mace  |  November 04, 2022

The U.S. Bureau of Labor Statistics reported that nonfarm payrolls rose by 261,000 in October 2022 and the unemployment rate rose 0.2 percentage point to 3.7%. The October increase was well below the year-to-date average of 407,000 and below the monthly average of 562,000 seen in 2021. The monthly gain paints an image of a still growing, but slowing, labor market. For perspective, in 2019, job gains averaged 164,000 per month. Revisions added 29,000 positions to total payrolls in the previous two months.

Market Trends  |  NIC MAP Vision  |  Skilled Nursing

Skilled Nursing Occupancy Continued Increase in August 2022

By: Bill Kauffman  |  November 03, 2022

“Occupancy has increased throughout 2022, which suggests demand for skilled nursing is growing. However, retaining adequate staff is still challenging and limits the ability to increase patient admissions.” -Bill Kauffman NIC MAP Vision released its latest Skilled Nursing Monthly Report on November 3, 2022. The report includes key monthly data points from January 2012 through August 2022.

NIC Fall Conference

Economic Uncertainty Clouds Outlook

By: NIC  |  November 01, 2022

Better Times Expected as Baby Boomers Start to Arrive The U.S. economy holds both upside and downside risks that will impact the senior housing and care industry in the near term. Inflation is high, labor costs are up, and the price of capital is rising. But low unemployment, moderate growth in consumer spending, and a recent uptick in GDP are relative bright spots.

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