We’ve seen it all over the media: “The first of the Boomers turn 70.” So what does this mean for the seniors housing and care industry?
Some might argue that it presents a “unicorn” opportunity for innovative entrepreneurs to develop products or services that will serve one of the largest generations to hit retirement age in our history—and it presents…
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The average occupancy rate for seniors housing properties in the fourth quarter of 2015 was 90.1%, as net absorption of units outpaced the additions to inventory. This represented an increase of 20 basis points from the prior quarter, and was 20 basis points shy of its cyclical peak of 90.3% that was reached in the fourth quarter of 2014.
Since…
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For December, the Labor Department reported that non-farm employment increased by a strong 292,000 positions, while the prior two months were upwardly revised by 50,000 jobs. Record warm weather in the month may have had an impact on the impressive December increase since construction jobs remained at unseasonably high levels.
For all of 2015, the economy added an average of…
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While the boomers aren’t yet being served by assisted living, the industry is already looking ahead to anticipate the changes this dynamic population will bring. This evolution is already underway, as the industry begins serving the silent generation, now in their mid-80s and starting to enter assisted living.
In a recent interview with
California Assisted Living Association (CALA), NIC…
As America’s senior population continues to grow at an unprecedented rate, the need for a larger, well-trained workforce is becoming imperative. And while the growth of the seniors housing and care industry offers exceptional career opportunities for those entering the workforce, the industry at large is still often over looked.
To support its mission of leadership development, NIC has established…
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