NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Senior Housing  |  Skilled Nursing  |  Workforce

Update to 2016 Property Sales Transactions Data

By: Bill Kauffman  |  February 15, 2017

This post is a follow-up to last month’s transactions data blog post, providing updated data for the fourth quarter of 2016. Volume and Deals Closed Property sales transactions volume for seniors housing and care in 2016 registered $14.4 billion, with $7.8 billion in seniors housing and $6.6 billion in nursing care. Total annual volume was down 34% from 2015’s $21.8 billion, and down 25% from 2014, when volume totaled $19.0 billion. As stated in the initial blog last month, 2016 started out as a tumultuous year in the capital markets. The significant increase in cost of capital most likely delayed the finalization of some deals, as we did not see the strong bounce back in deal volume in the second quarter as we had seen the past couple of years. Only $2.6 billion closed in the second quarter of 2016 after a relatively strong first quarter of $4.3 billion.

Economic Trends  |  Workforce

U.S. Economy Generated 227,000 Jobs in January 2017

By: Beth Burnham Mace  |  February 08, 2017

In the first major release of employment conditions under the Trump Administration, the Labor Department reported on Friday that nonfarm payrolls increased by 227,000 positions in January, above the consensus 175,000 estimate. The change in total nonfarm payroll employment for November was revised down from 204,000 to 164,000, and the change for December was revised up from 156,000 to 157,000. With these revisions, employment gains in November and December combined were 39,000 lower than previously reported. Monthly revisions result from additional reports received from businesses since the last published estimates and from the recalculation of seasonal factors.

Economic Trends  |  Workforce

U.S. Economy Generated 2.2 Million Jobs in 2016

By: Beth Burnham Mace  |  January 06, 2017

In the last major release of employment conditions under the Obama Administration, the Labor Department reported on Friday that nonfarm payrolls increased by 156,000 positions in December. Marking the seventh year of economic expansion, 2.2 million jobs were generated in 2016, compared with 2.7 million in 2015. Hiring has averaged 180,000 new positions per month over the past 12 months. The December gain was below the 175,000 consensus projection. The change in total nonfarm payroll employment for November was revised up from 178,000 to 204,000 and the change for October was revised down from 142,000 to 135,000. With these revisions, employment gains in November and October combined were 19,000 higher than previously reported.

Economic Trends  |  Skilled Nursing  |  Workforce

Takeaways from Our 3Q Skilled Nursing Data

By: Bill Kauffman  |  December 22, 2016

Last week, NIC released its fourth Skilled Nursing Data Report, which includes key monthly data points from October 2011 through September 2016. In this week’s blog post, we’ll highlight the main takeaways from the report.

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