This week, NIC MAP® Data Service clients attended a webinar on the seniors housing market trends during the first quarter of 2017. Key takeaways included: Takeaway #1: Occupancy Fell in the First Quarter The occupancy rate for seniors housing properties fell 30 basis points in the first quarter of 2017 to 89.3%, as net additions […]
The Labor Department reported on Friday that nonfarm payrolls increased by a seasonally-adjusted 98,000 positions in March, well below the consensus 180,000 estimate. This followed gains of 219,000 in February and 216,000 in January. Revisions to January and February preliminary estimates subtracted 38,000 jobs from what was initially reported. Monthly revisions result from additional reports […]
The Labor Department reported on Friday that nonfarm payrolls increased by 235,000 positions in February, above the consensus 200,000 estimate. Revisions to December and January preliminary estimates added 9,000 more jobs than initially reported. Monthly revisions result from additional reports received from businesses since the last published estimates and from the recalculation of seasonal factors. […]
Seniors Housing Actual Rates Report Shows Larger Discounts for Assisted Living than for Independent Living Properties
The NIC Map Data Service recently released national benchmark data through year-end 2016 for actual rates and leasing velocity. Key takeaways include: Average initial rates were below average asking rates for both independent living and assisted living properties, with monthly spreads larger for assisted living properties throughout the entire reported period.
Texas is no stranger to seniors housing. Of the 140 markets tracked by the NIC MAP® Data Service (NIC MAP), 6 are in Texas: Austin, Dallas/Fort Worth, El Paso, Houston, McAllen, and San Antonio. Two of those are among the largest metro areas in the nation. In this blog post, I give you an analysis […]