NIC Notes

Insights in Seniors Housing & Care

Market Trends  |  Seniors Housing  |  Workforce

Understanding Your Market Study: Part 2

By: Lana Peck  |  March 29, 2017

Defining the Market Area The first segment of this multi-part blog series established that market studies require particular attention as a critical component of the seniors housing development planning process. In this second segment, we’ll touch upon common methodologies, and uncover fine points that can increase the accuracy of a market study.

Market Trends  |  Seniors Housing  |  Workforce

Seniors Housing Actual Rates Report Shows Larger Discounts for Assisted Living than for Independent Living Properties

By: Beth Burnham Mace  |  March 09, 2017

The NIC Map Data Service recently released national benchmark data through year-end 2016 for actual rates and leasing velocity.  Key takeaways include: Average initial rates were below average asking rates for both independent living and assisted living properties, with monthly spreads larger for assisted living properties throughout the entire reported period.

Economic Trends  |  Market Trends  |  Seniors Housing  |  Workforce

Key Takeaways from the Lone Star State’s Seniors Housing Market

By: Beth Burnham Mace  |  March 01, 2017

Texas is no stranger to seniors housing. Of the 140 markets tracked by the NIC MAP® Data Service (NIC MAP), 6 are in Texas: Austin, Dallas/Fort Worth, El Paso, Houston, McAllen, and San Antonio. Two of those are among the largest metro areas in the nation. In this blog post, I give you an analysis of Texas’ seniors housing market and several key takeaways about its performance. Takeaway #1: Population and Job Growth Texas’ population is on the rise, and the state’s larger metropolitan areas are “growth markets.” Pure growth (both population and employment) in addition to pro-growth attitudes and regulations, land availability, and relatively affordable costs of living and doing business have stoked development in many of the urban areas of Texas.

Economic Trends  |  Market Trends  |  Seniors Housing  |  Skilled Nursing

Understanding Your Market Study: Part 1

By: Lana Peck  |  January 25, 2017

Components of Market Analysis for Seniors Housing and Care Market studies are a critical component of the seniors housing development planning process. They’re hard to get right and, unfortunately, extremely easy to get wrong. In this multi-part blog series, I’ll provide the nuances, techniques, and best practices for making your market study a successful tool that helps prevent major project failures and uncover significant opportunities. First up: The integral components of a successful market study.