NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  NIC MAP Vision  |  Senior Housing  |  occupancy

State of Senior Housing: The Trifecta Shaping the Occupancy Recovery

By: Omar Zahraoui  |  September 12, 2022

During four consecutive quarters of increasing occupancy, from 78.0% in the second quarter of 2021 to 81.4% in the second quarter of 2022, the NIC MAP® Primary Markets recovered about 37% of the senior housing occupancy lost during the pandemic, equivalent to 3.4 percentage points (pps) overall.

Active Adult  |  Business Environment  |  Economic Trends  |  Ideas and Discussion

White Paper: Active Adult Property Type and Resident Demographics

By: NIC  |  September 09, 2022

This week, NIC released a white paper on the active adult rental property type to give potential investors valuable information about this emerging segment’s characteristics and potential residents.

Actual Rates  |  Economic Trends  |  NIC MAP Vision  |  Senior Housing

Asking Rates Grow: Key Takeaways from 2Q22 NIC MAP Vision Actual Rates Report

By: Anne Standish  |  September 06, 2022

Data from the recently released 2Q2022 NIC MAP Vision Actual Rates Report showed that for the sample of Actual Rates data contributors, all three care segments (independent living, assisted living, and memory care) hit record high year over year growth of asking rates for the second quarter in a row. In the recently released report, monthly data of actual rates and leasing velocity are presented through June 2022, including data on rate discounting and move-in/move-out trends. Read on for further key takeaways from the recently released report.

Economic Trends  |  Senior Housing  |  Workforce

372,000 New Jobs Created in June; Jobless Rate Remained at a Low 3.6%

By: Beth Mace  |  July 08, 2022

The U.S. Bureau of Labor Statistics reported that nonfarm payrolls rose by 372,000 in June 2022 and the unemployment rate held steady at 3.6%. The June increase was in line with the average monthly gain over the prior three months (383,000). Revisions subtracted 72,000 to total payrolls in the previous two months. The market consensus had been for a gain of 268,000.