NIC Notes

Insights in Seniors Housing & Care

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

Rising Construction Durations in Senior Housing: Beyond the Pandemic Effect

By: Omar Zahraoui  |  December 18, 2023

The construction of senior housing communities has faced a myriad of challenges in recent years, evidenced by a marked decline in construction starts and extended construction durations. These challenges have been apparent since the onset of the COVID-19 pandemic, and have been further compounded by labor shortages, a lack of building materials, and inflation. Additionally, the quick and large rise in interest rates orchestrated by the Federal Reserve has led to higher construction financing costs, limited availability of debt, and increased development costs. These combined factors have prolonged the time it takes to bring a senior housing project from the planning stages to the construction phase and eventually to its final delivery and eventual opening.

Actual Rates  |  Market Trends  |  NIC MAP Vision  |  Senior Housing

Key Takeaways from Third Quarter 2023 NIC MAP Vision Actual Rates Report

By: Omar Zahraoui  |  December 15, 2023

Data from the recently released 3Q 2023 NIC MAP Vision Actual Rates Report showed that the pace of growth in all rates for all care segments (independent living, assisted living, and memory care) maintained near record highs observed since the onset of 2023 for the data contributors to this data collection. In the recently released report, monthly data of actual rates and leasing velocity are presented

Forgotten Middle  |  Senior Housing  |  assisted living  |  home care

Senior Housing & Care’s Middle Market: Key Takeaways From Housing for America’s Older Adults 2023

By: Lisa McCracken  |  December 07, 2023

This year’s Housing for America’s Older Adults report, produced by the Joint Center for Housing Studies of Harvard University and supported with funding from NIC, includes a special, independent analysis on the middle-market older adult. It underscores that the private and public sectors still have work to do to expand housing access and care choices for middle-income older adults as they age.

Ideas and Discussion  |  NIC MAP Vision  |  Senior Housing  |  healthcare

Would you Rather Solve Senior Housing or Health Care for Older Adults?

By: Dianne Munevar  |  November 28, 2023

Well, what if you didn't have to choose? For 40 years and counting, senior housing owners and operators have prepared for and responded to the housing needs of aging adults. This market, which includes assisted living and independent living as well as memory care and nursing homes, has seen immense growth. But two problems remain: affordability and integration with comprehensive health services. These issues will persist for future generations if we don’t start solving them today—to allow our grandparents, parents, and eventually ourselves to live in the settings we choose with the appropriate set of health care services we need to age with dignity.

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