Business Environment | Economic Trends | Market Trends | Senior Housing
By: Omar Zahraoui and Bill Kauffman | February 08, 2023
3Q 2022 NIC Lending Trends Report NIC Analytics has released the 3Q 2022 NIC Lending Trends Report. The quarterly report, available for free to NIC’s constituents, currently tracks $85.1 billion in senior housing and nursing care loans. The report includes data over six years for construction loans, mini-perm/bridge loans, and permanent loans from 3Q 2016 through 3Q 2022.
Business Environment | Economic Trends | Workforce
By: Beth Mace | February 03, 2023
The unemployment rate fell to 3.4% in January, its lowest level since 1969 and below December’s already low rate of 3.5%. Separately, the U.S. Bureau of Labor Statistics also reported that nonfarm payrolls rose by a very large 517,000 in January 2023, nearly twice as much as in December (260,000) and more than the monthly average of 401,000 in 2022. Market expectations had called for a gain of less than 200,000 jobs. Revisions added 71,000 positions to total payrolls in the previous two months. The monthly gain and revisions paint an image of a still strong labor market.
Business Environment | Market Trends | NIC Fall Conference | NIC conference
By: NIC | January 25, 2023
Who, What, When, Where, Why. Those are the five basic questions vital to information gathering. The so-called five “W’s” are also a good place for owners and operators to start as they consider how to reposition a property amid occupancy challenges, changing demographics and an aging building stock. A panel of experts tackled the big questions on repositioning during an educational session at the 2022 NIC Fall Conference. The discussion, recapped below, was led by NIC Chief Economist Beth Mace.
Business Environment | Executive Survey Insights | Skilled Nursing | assisted living | staffing
By: Ryan Brooks | January 19, 2023
“In the Wave 49 survey, respondents were asked when their organization expected to return to pre-pandemic occupancy levels. Across all care segments the most common response was for occupancy to return at some point in the first half of 2023. Independent living (52%) and memory care (53%) operators were the most optimistic respondents, with more than half anticipating their organization’s occupancy levels would return to pre-pandemic levels within the next six months.
