NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Market Trends  |  Workforce

Memory Care Market Trends: 3Q2017

By: Lana Peck  |  December 28, 2017

As the seniors housing and care industry's leading data provider, NIC tracks occupancy, rental rates, supply and construction data for independent living, assisted living, memory care, skilled nursing and continuing care retirement communities (CCRCs)/life plan communities (LPCs). Through the NIC MAP® client portal, subscribers have access to robust web-based tools and reports, including market-level summaries and historical time-series data for seniors housing supply and demand market fundamentals that can be accessed by filtering different data aggregations.

Economic Trends  |  Market Trends  |  Seniors Housing

NIC MAP Introduces New Feature: Trade Area Search by Drive Times & Traffic Flows

By: Beth Burnham Mace  |  December 20, 2017

The NIC MAP Data Service recently unveiled its latest product enhancement to the NIC MAP Local Property Search tool as it introduced a new class of trade areas based on drive time or driving distance from a seniors housing, skilled nursing property or targeted location.  Drive-time analysis allows a user to customize a trade area or primary market area (PMA) by selecting the number of minutes it takes to drive to a destination property or location, while selecting between three different traffic flow patterns, reflective of low, medium and high traffic conditions.

Economic Trends  |  Workforce

U.S. economy created 228,000 jobs in November 2017

By: Beth Burnham Mace  |  December 08, 2017

The Labor Department reported that there were 228,000 jobs created in the U.S. economy in November.   This was above the consensus expectation of 200,000 jobs.  This marked the 86th consecutive month of positive job gains for the U.S. economy.  Revisions were minimal, adding 3,000 jobs to the prior two months.