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 to inventory outpaced absorption of…
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Conducting a Desktop Analysis of the Competition
When conducting a market study competitor analysis, many tools and sources of public information are available right from your desktop. The task may seem overwhelming, especially if the market is highly competitive. But here are some best practices to follow:
Know what you are looking for
Consider why the information is available
Think…
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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 received from businesses since the…
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While the skilled nursing sector faces challenging headwinds, it also offers a number of distinct opportunities which were outlined at the recent 2017 NIC Spring Investment Forum. Several educational sessions addressed market conditions and how operators can boost values by measuring outcomes and partnering with other health care providers.…
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Defining the Market Area
The first segment of this multi-part blog series
established that market studies require particular attention as a critical component of the seniors housing development planning process. In this second segment, we’ll touch upon common methodologies, and uncover fine points that can increase the accuracy of a market study.…
