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.

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.

Business Environment  |  CCRC  |  Market Trends  |  NIC MAP Vision  |  Senior Housing

CCRC Care Segment Performance 2Q 2022

By: Omar Zahraoui  |  August 18, 2022

The following analysis examines occupancy and year-over-year changes in inventory, and same-store asking rent growth—by care segment—within CCRCs and non-CCRCs in the 99 combined NIC MAP Primary and Secondary Markets. The analysis also highlights occupancy by payment type (entrance fee CCRCs vs. rental CCRCs), and the relative performance of for-profit CCRCs and not-for-profit CCRCs during the second quarter of 2022—by region.

Market Trends  |  NIC MAP Vision  |  Skilled Nursing

Skilled Nursing Occupancy Increased Slightly in May 2022

By: Bill Kauffman  |  August 04, 2022

“Skilled nursing occupancy held steady in May, as operators still confront a challenging operating landscape amidst high inflation and staffing challenges.” - Bill Kauffman NIC MAP Vision released its latest Skilled Nursing Monthly Report on August 4, 2022. The report includes key monthly data points from January 2012 through May 2022.