Penetration rates vary across markets and across time. Some of the variation may be due to differing demand factors such as population and household growth and size, consumer preferences, familiarity and comfort with the product, changes in the composition of inventory, and cultural influences. This blog post explores some of this variation. The chart above […]
The unemployment rate held steady at 3.7% in October, which is the lowest rate since December 1969. The jobless rate remains well below the rate of what is generally believed to be the “natural rate of unemployment” of 4.5%, which suggests that there will be building pressure on wage rate growth. Evidence is mounting that […]
Expanding on a recent blog post that detailed care segment performance in the Primary Markets since the most recent market cycle peak that was reached in the fourth quarter of 2014 for the seniors housing and care segments, this analysis goes a step further by considering the market fundamentals of segments within continuing care retirement […]
NIC MAP® Data Service clients attended a webinar in mid-October on the key seniors housing data trends during the third quarter of 2018. Key takeaways included the following: Takeaway #1: Seniors Housing Occupancy Unchanged, but Remains Soft The all occupancy rate for seniors housing, which includes properties still in lease up, was unchanged from the […]
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 […]