NIC Notes

Insights in Seniors Housing & Care

Market Trends  |  NIC MAP Vision  |  Senior Housing  |  occupancy

Narrowing Gap in Senior Housing Stabilized and All Occupancy Rates Reflects Competition Between New and Existing Properties

By: Omar Zahraoui  |  June 08, 2023

The senior housing stabilized occupancy rate for the NIC MAP Primary Markets edged up to 84.7% in the May 2023 reporting period, up 0.1 percentage points (pps) from the April 2023 reporting period on a 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 4.4pps but remained 4.7pps below pre-pandemic March 2020 levels of 89.4%.

NIC MAP Vision  |  Skilled Nursing  |  medicaid  |  medicare  |  occupancy

Skilled Nursing Occupancy Growth Stalled in March

By: Bill Kauffman  |  June 01, 2023

NIC MAP Vision released its latest Skilled Nursing Monthly Report on June 1, 2023. The report includes key monthly data points from January 2012 through March 2023.

Actual Rates  |  Business Environment  |  NIC MAP Vision

Asking Rate Growth Remains High: Key Takeaways from the 1Q2023 NIC MAP Vision Actual Rates Report

By: Beth Mace  |  May 26, 2023

Data from the recently released 1Q2023 NIC MAP Vision Actual Rates Report showed growth for asking rates was at near-record highs on a year-over-year basis for all three care segments (independent living, assisted living, and memory care) for the data contributors to this data collection. In the recently released report, monthly data of actual rates and leasing velocity are presented through March 2023, including data on rate discounting and move-in/move-out trends. Key takeaways from the report, specifically from the Segment Type report, are presented below. Care segments refer to the levels of care and services provided to a resident living in an assisted living, memory care or independent living unit.

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:

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