NIC Notes

Insights in Seniors Housing & Care

COVID-19  |  Executive Survey Insights  |  Seniors Housing

Executive Survey Insights | Wave 27: April 19 to May 2, 2021

By: Lana Peck  |  May 13, 2021

“Are we beginning to see signs of an upward inflection point in occupancy? The market fundamentals data continue trending positively as seen in the most recent ESI results. Between 40% and 57% of organizations reported upward changes in occupancy depending on care segment. This is especially the case for nursing care. The survey shows a clear trend of 50% or more organizations with nursing care beds reporting occupancy rate increases for six consecutive waves of survey data (collected between February 8 and May 2), without notable increases in the pace of move-outs.  Moreover, data compiled in NIC’s Skilled Nursing COVID-19 Tracker clearly shows that COVID-19 cases in skilled nursing communities have fallen dramatically and at a faster pace than the broader population since the launch dates of the Pfizer and Moderna vaccines in long-term care settings in late December. These results are further substantiated by an increase, albeit modest, in February skilled nursing occupancy statistics as reported in NIC’s May Skilled Nursing Data Report.” –Lana Peck, Senior Principal, NIC

COVID-19  |  Regulatory Environment

Treasury Releases $350B in State and Local Recovery Funds

By: Ryan Brooks  |  May 12, 2021

On Monday, the U.S. Department of Treasury announced the launch of the Coronavirus State and Local Fiscal Recovery Funds, established by the passing of the American Rescue Plan in March. The recovery funds provide $350 billion in emergency funding for eligible state and local governments and provide substantial flexibility for each jurisdiction to meet local needs—including support for households, small businesses, impacted industries, essential workers, and the communities hardest-hit by the crisis.

COVID-19  |  Market Trends  |  Seniors Housing

How Does the Loss of Life Due to COVID-19 Affect Seniors Housing Supply Needs?

By: Beth Mace and Anne Standish  |  May 11, 2021

Key Takeaways. This blog examines the impact COVID-19 deaths through late-April 2021 have had on near-term supply needs for seniors housing.

COVID-19  |  Executive Survey Insights  |  Seniors Housing

Executive Survey Insights | Wave 26: April 5 to April 18, 2021

By: Lana Peck  |  April 29, 2021

“The market fundamentals in the Wave 26 Executive Insights survey data through mid-April show signals of headway. Leads volume is up and the shares of organizations reporting accelerations in move-ins continues to trend positively with each of the care segments reaching new high points in the survey time series. Exactly when these leading indicators will translate into higher occupancy rates being reported across the sector is yet to be seen.”