NIC Notes

Insights in Seniors Housing & Care

Business Environment  |  COVID-19  |  Executive Survey Insights  |  Market Trends

Executive Survey Insights Wave 39: March 7 to April 3, 2022

By: Lana Peck  |  April 07, 2022

Just over one-quarter of respondents noted that the severity of their staffing shortages across their organizations was severe, while two-thirds indicated the problem was moderate. Of significance, one-quarter of respondents had more than 20% of full-time positions currently unfilled. Regarding tenure of full-time employees, on average, just under one-half of organizations retained more than 80% on the job after one month. However, after one year, only 17% of organizations still had over 80% remaining on the job. Staffing shortages are often due to the inability to fill nursing aide positions, but wage competition and the inability to hire nurses also factored highly.

Business Environment  |  COVID-19  |  Senior Housing  |  Workforce

Employment Continues to Grow at a Fast Clip, Increasing by 431,000 in March, While the Jobless Rate Falls Close to Its Pre-Pandemic Level

By: Beth Mace  |  April 01, 2022

As the economy continues to move back toward normalcy and away from the pandemic, the Labor Department reported that nonfarm payrolls rose by 431,000 in March 2022. The data suggest that the war in Ukraine and the surge in oil prices has not dampened hiring activity.

Business Environment  |  COVID-19  |  Economic Trends  |  Market Trends  |  NIC MAP Vision

Assisted Living Demand Bouncing Back Relatively Swiftly

By: Beth Mace and Omar Zahraoui  |  March 17, 2022

The pandemic disruption in all its forms continues to test and challenge the senior housing sector. But the level of agility, preparedness and responsiveness among senior housing operators has never been higher and remains a tailwind for senior housing demand, as measured by the change in occupied stock. In this analysis, we examine the drop and subsequent recovery in the level of occupied units by majority property type since the pandemic began to influence the senior housing sector, over the period from 1Q 2020 to 4Q 2021, and across the 31 NIC MAP Primary Markets and the 68 NIC MAP Secondary Markets Aggregates.

Business Environment  |  Forgotten Middle  |  Ideas and Discussion  |  NIC Spring Conference  |  Senior Housing

Industry Leaders Share Middle Market Strategies at Spring Conference

By: NIC  |  March 09, 2022

In the years ahead, millions of aging middle-income Americans will need a reasonably priced housing and care option. But innovative ideas are vital to solve the issue of affordability. Cutting-edge strategies for the senior housing middle market will be shared by the industry’s top leaders and stakeholders at a session during the 2022 NIC Spring Conference in Dallas (March 23-25.)

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