The Labor Department reported that there were 157,000 jobs created in the U.S. economy in July, below the consensus expectation of 193,000. However, revisions added 59,000 to the prior two months as June was revised to 248,000 from 213,000 and May was revised to 268,000 from 244,000. Payrolls have averaged 215,000 per month so far this year, up from 182,000…
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NIC MAP® Data Service clients attended a webinar in mid-July on the key seniors housing data trends during the second quarter of 2018. Key takeaways included the following:
Takeaway #1: Seniors housing occupancy fell to 87.9%
The all occupancy rate for seniors housing, which includes properties still in lease up was 87.9% in the second quarter, down 40 basis points…
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First-quarter investment return data for the NCREIF-reported seniors housing properties equaled 2.14%, composed of a 0.79% capital return and a 1.36% income return. The annual total return through the first quarter of 2018 was 12.79%, overshadowing the NCREIF Property Index (NPI) result of 7.12% and the apartment result of 6.38%. However, at 13.53% industrial total returns outpaced seniors housing.
Despite…
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The Labor Department reported that there were 213,000 jobs created in the U.S. economy in June, above the consensus expectation of 195,000. This followed an upwardly revised gain of 244,000 jobs in May (originally reported as 233,000) and an upwardly revised gain of 175,000 in April (originally reported as 159,000). The two-month revision was a positive 37,000 new jobs. After…
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First-quarter data showed continued downward pressure on occupancy rates, with assisted living occupancy falling to its lowest level since NIC began reporting data in 2006—85.7%. A broader measure, the occupancy rate for all of seniors housing (independent and assisted living) for the 99 Primary and Secondary markets tracked by the NIC MAP® Data Service, had a first quarter occupancy rate…
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