NIC Notes

Insights in Seniors Housing & Care

COVID-19  |  Market Trends  |  Senior Housing  |  Workforce

U.S. Jobless Rate Falls to 3.9% in December

By: Beth Mace  |  January 07, 2022

The Labor Department reported that the jobless rate fell 0.3 percentage point to 3.9% in December, down 2.8 percentage points from year-earlier levels. The jobless rate is now 0.4 percentage points above the pre-pandemic level of 3.5% seen in February 2020, and well below the 14.7% peak seen in April 2020.

Economic Trends  |  Market Trends  |  NIC MAP Vision  |  Senior Housing

3Q2021 NIC Analytics Demand Pulse Metric

By: Beth Mace and Omar Zahraoui  |  December 22, 2021

This blog features the NIC Analytics Demand Pulse Metric (DPM) for third quarter 2021 (3Q2021), a measure that examines senior housing demand (occupied units) for the NIC MAP® 31 Primary Markets and provides a window into the strength of a market based on occupied stock trends. The demand pulse metric pinpoints when 3Q2021 demand levels were last seen before the pandemic began to influence the senior housing sector in 1Q2020 and tracks demand growth and progress across the 31 Primary Markets.

Actual Rates  |  Market Trends  |  NIC MAP Vision

3Q2021 NIC MAP Seniors Housing Actual Rates Report Key Takeaways

By: Anne Standish  |  December 21, 2021

Did move-ins continue to outpace move-outs in the third quarter 2021? What were the rate discounting trends by segment? How did asking rates grow on a year-over-year basis? The 3Q2021 NIC MAP® Actual Rates Report, available to NIC MAP subscribers, offers third quarter data trends through September 2021 for actual rates and leasing velocity. We’ve summarized some of the key takeaways from the report below.

COVID-19  |  Market Trends  |  NIC MAP Vision  |  Senior Housing

Recovery in Senior Housing Demand Uneven Across Markets and Properties

By: Beth Mace and Omar Zahraoui  |  December 17, 2021

Since the start of the pandemic, senior housing properties have all experienced wide-ranging pandemic-related challenges, but the depth of the demand contraction has differed across markets. As senior housing demand began to recover in the second quarter of 2021 and registered its strongest increase the following quarter (3Q2021), NIC MAP® data, powered by NIC MAP Vision, shows that certain markets are recovering quickly, while others continue to lag. Due to the skewed pandemic impact the sector has experienced, the demand recovery paths and timelines are proving to be uneven across both markets and properties.

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