As NIC MAP® Data Service clients know, NIC regularly adds new features to the client platform, often as a direct response to client requests, or as new data and analytical tools become available. NIC works hard to ensure developers, operators, investors, and other stakeholders, have access to the high-quality data they need from the best available time series market data…
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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 this is in fact starting…
Topics:
Data,
Demographics,
Economy,
Job,
Jobs Report,
Labor,
Managed Care,
Market Study,
Nursing Care,
Occupancy,
Research,
Revenue,
Senior Living,
Seniors Housing,
Skilled Nursing,
U.S. Economy,
Unemployment,
VolumeThe Labor Department reported that there were 134,000 jobs created in the U.S. economy in September, well below the consensus expectation of 180,000. However, revisions added 87,000 to the prior two months as August was revised to 270,000 from 201,000 and July to 165,000 from 147,000. The September figure may have been negatively affected by Hurricane Florence. Payrolls have averaged…
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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 properties throughout the entire reported…
Topics:
Absorption,
Data,
Inventory,
Nic Map,
Occupancy,
Quarterly Report,
Research,
Senior Living,
Seniors Housing,
Transaction Volume,
TransactionsThe second quarter 2018 NIC Skilled Nursing Data Report was released last week. The report includes key monthly data metrics from October 2011 through June 2018. The report also includes the latest urban vs. rural and revenue mix trends.
Here are some key takeaways from the report:
Pressure on skilled nursing occupancy continues as the latest data shows occupancy decreased…
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