Increasingly, operators of seniors housing and care properties are reporting labor shortages in all occupations across their operating platforms, ranging from care managers to executive directors. More broadly, U.S. employers in April advertised the most job openings in 16 years, yet hiring fell and fewer people quit work. Indeed, job openings rose 4.5% in April to more than 6 million,…
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I’m excited to tell you about new reports that have been launched on our NIC MAP® web client platform. Called the NIC MAP
Bureau of Labor Statistics Employment and Wage Reports, they aim to help our clients assess and benchmark local labor pools and wage rates.
More specifically, the reports provide metropolitan area, state and national level employment and…
Investment returns for seniors housing historically have outpaced the overall NCREIF (National Council of Real Estate Investment Fiduciaries) Property Index (NPI), a property-level index that tracks investment return performance for commercial real estate. But while seniors housing returns outperformed the NPI in the first quarter of 2017, the total annual return for this sector has been slowly trending down since…
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The Labor Department reported on Friday that nonfarm payrolls increased by a seasonally-adjusted 138,000 positions in May, well below the consensus 182,000 estimate. This followed gains of 174,000 in April, originally reported as 211,000 and 50,000 in March, originally reported as 79,000. Monthly revisions result from additional reports received from businesses since the last published estimates and from the recalculation…
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Its Local, local, local. Seniors housing market fundamentals are not the same for all markets as local development and demand situations shape conditions. In the first quarter of 2017, pronounced differences in occupancy rates could be seen by both property type and geography. By property type at the national level, there was a 370 basis point difference between majority assisted…
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