NIC | CARES BLOG
A place for connections, analysis, research, and education on seniors housing and care

U.S. Economy created 313,000 jobs in February 2018

The Labor Department reported that there were 313,000 jobs created in the U.S. economy in February.   This was above the consensus expectation of 205,000 jobs.  This marked the 89th consecutive month of positive job gains for the U.S. economy.  Revisions added 54,000 jobs to the prior two months. The labor force participation rate, which is a measure of the share…
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Initial Move-in Rates for Independent Living Fall Below Year-Earlier Levels in Q4 2017

The NIC Map Data Service recently released national benchmark data through year-end 2017 for actual rates and leasing velocity.  Key takeaways include: Average initial move-in 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. As of December 2017, assisted living initial rates…
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How to Boost Market Performance and Penetration Rates

As 2018 continues to unfold, construction pipelines are expected to remain full.  Near-record low occupancy levels in assisted living will remain tested, while occupancy pressures will grow in independent living as well. In markets today with an unfavorable supply/demand imbalance, growing demand penetration rates could help offset supply pressures. So, how can operators grow their own and the industry’s collective…
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U.S. economy created 200,000 jobs in January 2018.

The Labor Department reported that there were 200,000 jobs created in the U.S. economy in January.   This was above the consensus expectation of 180,000 jobs.  This marked the 88th consecutive month of positive job gains for the U.S. economy.  Revisions subtracted 24,000 jobs to the prior two months.  For all of 2017, the economy generated 2.2 million jobs.  This marks…
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Five Key Takeaways from NIC’s Fourth-Quarter 2017 Seniors Housing Data Release

NIC MAP® Data Service clients attended a webinar earlier this month on the key seniors housing data trends during the fourth quarter of 2017. Key takeaways included the following. Takeaway #1:  Seniors housing occupancy was unchanged at 88.8% The all occupancy rate for seniors housing, which includes properties still in lease up, was 88.8% in the fourth quarter, unchanged from…
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