NIC Notes

Insights in Seniors Housing & Care

Business Environment  |  Economic Trends  |  Ideas and Discussion  |  Market Trends  |  NIC Spring Conference

5 Ideas for Building Back Occupancy in Senior Housing

By: NIC  |  April 14, 2022

Experts weigh in at 2022 NIC Spring Conference. Rebuilding occupancy is a top priority for the senior living industry. But the old roadmaps to success don’t necessarily apply in the wake of the pandemic and quickly changing market conditions. The labor shortage and shifting consumer preferences only make the task to fill units that much harder.

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.

Economic Trends  |  Workforce

Employment Up 467,000 Positions in January, Despite Omicron

By: Beth Mace  |  February 04, 2022

The Labor Department reported that nonfarm payrolls rose by 467,000 in January 2022. This was stronger than market expectations of an increase of 125,000 and occurred despite the impact of Omicron on the economy. Many analysts had expected the employment numbers to be negatively affected by absenteeism and self-isolation driven by the Omicron virus wave.

Business Environment  |  Economic Trends  |  Forgotten Middle  |  Market Trends  |  Seniors Housing

Considerations for a Successful Middle Market Product: A Strawman

By: Beth Mace & Ryan Brooks  |  January 20, 2022

Introduction A growing number of senior housing operators and capital providers are expressing interest in the “Forgotten Middle,” a term coined by NIC in 2019 in its seminal research to describe the large middle-income seniors cohort by its demographic characteristics as well as its housing and healthcare needs. The middle market includes Americans who have too much wealth to qualify for government support programs such as Medicaid, but not enough financial resources to pay most private pay options for very long. Identifying the right balance of hospitality, services, and care delivery, while still maintaining a monthly rental price that can be paid for by this group, is the cornerstone to a successful middle-market strategy.

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