NIC Notes

Insights in Seniors Housing & Care

Ideas and Discussion  |  Market Trends  |  Seniors Housing

Driving Innovation Through Consumer Insights

By: NIC  |  November 15, 2019

A mop and a café might not sound innovative to most seniors housing operators. But when presented with the product development strategy that conceived the successful Swiffer® cleaning tool and the Capital One® banking cafés, attendees at the 2019 NIC Fall Conference learned that the process for true innovation applies across all industries.

Market Trends  |  Seniors Housing

Current Occupancy Performance Patterns of Older Seniors Housing Markets May Surprise You

By: Lana Peck  |  November 13, 2019

Seniors housing properties are aging, and senior consumer tastes are changing. Strong inventory growth in recent years has brought to market new competition for existing buildings—most built prior to the Great Recession. Which markets have the oldest and newest seniors housing stock? Is there a “sweet spot” in terms of building age and occupancy performance? And, what are some of the factors that contribute to strong occupancy in older buildings?

Market Trends  |  Seniors Housing

More Key Takeaways from NIC’s Third Quarter 2019 Seniors Housing Data Release

By: Beth Mace  |  November 05, 2019

In last week's NIC Notes, we shared three highlights from the October NIC MAP® Data Service webinar on key seniors housing data trends during the third quarter of 2019. Two additional key takeaways are detailed below.

Economic Trends  |  Seniors Housing  |  Workforce

128,000 Jobs Created in October, Above Consensus View

By: Beth Mace  |  November 01, 2019

The Labor Department reported that there were 128,000 jobs added in October, despite the GM strike, which reduced the jobs count by about 50,000.  This beat the consensus estimate of 75,000 and marked the 109th consecutive month of job gains. Excluding the drop in auto-related jobs, payrolls were up by a strong 170,000 positions.