The NIC MAP Data Service recently released national benchmark data through mid-year 2018 for actual rates and leasing velocity. Key takeaways include:
Average initial rates at the time of resident move in were below average asking rates for both majority independent living and majority assisted living properties, with monthly spreads larger for majority assisted living properties throughout the entire reported…
Topics:
Absorption,
Data,
Inventory,
Nic Map,
Occupancy,
Quarterly Report,
Research,
Senior Living,
Seniors Housing,
Transaction Volume,
TransactionsThe second quarter 2018 NIC Skilled Nursing Data Report was released last week. The report includes key monthly data metrics from October 2011 through June 2018. The report also includes the latest urban vs. rural and revenue mix trends.
Here are some key takeaways from the report:
Pressure on skilled nursing occupancy continues as the latest data shows occupancy decreased…
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At the upcoming 2018 NIC Fall Conference, the “Innovations That Work” session will share ideas on innovative technologies and tools that are changing the way operators and investors care for residents. Rapid-fire, seven-minute presentations on five key topics and moderated by Arnold Whitman, Founder and Chairman of Formation Capital, LLC, will address real-world examples of innovative solutions to some of…
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The Labor Department reported that there were 201,000 jobs created in the U.S. economy in August, above the consensus expectation of 190,000. However, revisions subtracted 50,000 to the prior two months as June was revised to 208,000 from 224,000 and July was revised to 147,000 from 157,000. Payrolls have averaged 207,000 per month so far this year, up from 182,000…
Topics:
Data,
Demographics,
Economy,
Job,
Jobs Report,
Labor,
Market Study,
Occupancy,
Regulations,
Research,
U.S. Economy,
UnemploymentPopular NIC Talks series returns to fall conference
Today’s disruptive innovations often determine the future. Uber has upended the transportation business. Amazon changed retailing.
The same holds true for the concept of aging. Disruptive innovations will change the future of the aging experience and drive how society responds to the needs of an aging population in the years ahead.
With…
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