One of the most talked-about sessions at the recent 2019 NIC Spring Conference was the “Boomer Hackathon,” in which three teams – and those in attendance – brainstormed innovations in seniors housing appropriate for incoming Baby Boomers. A standing-room-only crowd participated in the event, forming small groups to attack the same problem as three teams of experts, who were formed ahead of time.
The Labor Department reported that there were only 20,000 jobs added in February, well below the consensus expectation of 180,000. This marked the 101st consecutive month of job growth. While February was weak, January was very strong. The latest three-month average is 186,000, less than last year’s 223,000 monthly average but consistent with more modest growth anticipated for 2019.
Private Buyers Remain Very Active There may have been some challenges in the seniors housing and care markets in 2018 but it is safe to say that liquidity did not seem to be one of those challenges based on the latest sales transactions data. Indeed, not only was there strong dollar volume registered in terms of closed sales transactions, but the sheer number of transactions closed was greater than in 2017.
Last week’s post on NIC’s data group introduced some of the teams and processes involved in collecting the most accurate and reliable data available on America’s seniors housing and care properties. This second half of the story delves into processing and reporting on the data.