NIC Notes

Insights in Seniors Housing & Care

NIC MAP Data  |  NIC MAP Vision  |  Senior Housing  |  occupancy

NIC MAP Vision 1Q23 Key Takeaways: Seventh Consecutive Quarter of Senior Housing Occupancy Gains

By: Caroline Clapp  |  May 16, 2023

NIC MAP Vision clients, with access to NIC MAP® data, attended a webinar in mid-April on key senior housing data trends during the first quarter of 2023. Findings were presented by NIC Analytics research team members. Key takeaways included the following: 

NIC MAP Data  |  NIC MAP Vision  |  Senior Housing  |  occupancy

Senior Housing Sector Shows Improvement with Rising Occupancy Rates

By: Omar Zahraoui  |  May 11, 2023

According to intra-quarterly NIC MAP® data, released by NIC MAP Vision, the senior housing all-occupancy rate for the NIC MAP Primary Markets increased to 83.5% in the April 2023 reporting period, up 0.3 percentage points (pps) from the March 2023 reporting period on three-month rolling basis. From its time series low of 77.8% in June 2021, occupancy increased by 5.7pps, as evident in the exhibit below, with 20 of the 22 reporting periods showing positive gains (from June 2021 to April 2023).  

Business Environment  |  Market Trends  |  NIC MAP Data  |  NIC MAP Vision  |  Senior Housing  |  occupancy

Inventory Slowdowns, Senior Housing Stabilized Occupancy Increased

By: Omar Zahraoui  |  March 09, 2023

The senior housing stabilized occupancy rate for the NIC MAP Primary Markets edged up to 84.3% in the February 2023 reporting period, up 0.2 percentage point (pps) from the January 2023 reporting period on three-month rolling basis, according to intra-quarterly NIC MAP® data, released by NIC MAP Vision. From its pandemic record low of 80.3% in June 2021, senior housing stabilized occupancy increased by 4.0pps but remained 5.1pps below pre-pandemic March 2020 levels of 89.4%.

Actual Rates  |  NIC MAP Data  |  NIC MAP Vision  |  Senior Housing

Exploring the Interplay Between Inflation, Rate Growth, Demand and Occupancy in Senior Housing

By: Beth Mace and Omar Zahraoui  |  March 09, 2023

 An In-Depth Analysis of NIC MAP Vision Actual Rates Data Executive Summary  Through this in-depth analysis, we hope to shine a spotlight on the relationship between inflation, the pace of growth seen in-place actual rates, demand and occupancy. Actual in-place rates refer to effective rates or the rates that are “actually being paid” to live in senior housing. This is often not the same as the asking or listing rate that may be advertised or listed in a brochure. 

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