NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Market Trends  |  Seniors Housing  |  Workforce

Seniors Housing Inventory Growth--A Lot or Not So Much--Some Perspective

By: Beth Burnham Mace  |  June 13, 2018

First-quarter data showed continued downward pressure on occupancy rates, with assisted living occupancy falling to its lowest level since NIC began reporting data in 2006—85.7%.  A broader measure, the occupancy rate for all of seniors housing (independent and assisted living) for the 99 Primary and Secondary markets tracked by the NIC MAP® Data Service, had a first quarter occupancy rate of 88.1%, not the lowest on record, but a nadir since mid-2011 and down from 90.0% as recently as Q4 2015.  During the nine quarters since then, inventory growth has exceeded demand by 23,000 units (70,000 units of inventory growth versus 47,000 units of net absorption).

Economic Trends  |  Market Trends  |  Seniors Housing  |  Skilled Nursing  |  Workforce

Lease-Up Trends by Segment Type

By: NIC  |  June 06, 2018

Benchmark data can inform project projections By Lana Peck, Anne Standish and Beth Mace

Seniors Housing  |  Skilled Nursing  |  Workforce

…and Care

By: NIC  |  May 30, 2018

This month, NIC, in a strategic alliance with PointRight, is announcing the launch of quality metrics for the skilled nursing sector. This major expansion and enhancement within the NIC MAP® Data Service platform reflects NIC’s commitment to the skilled nursing sector and builds upon NIC's present Skilled Nursing Data Report, which focuses on financial data.

Economic Trends  |  Market Trends  |  Seniors Housing  |  Workforce

Independent Living Update: 1Q2018

By: Lana Peck  |  May 23, 2018

Supply and demand more balanced; occupancy sustained above 90%