Supply and demand more balanced; occupancy sustained above 90%
In the first quarter of 2018, among the 31 primary markets tracked by NIC MAP, independent living had an occupancy rate of 90.3%, which was about 70 basis points less than stabilized occupancy. Comparatively, assisted living had a differential of 230 basis points, more than three times as large since there…
Read Post ›
The Labor Department reported that there were 164,000 jobs created in the U.S. economy in April, below the consensus expectation of 193,000. This followed a downwardly revised gain of 324,000 jobs in February (originally reported as 326,000) and an upwardly revised gain of 135,000 in March (originally reported as 103,000). The two-month revision was a positive 30,000 new jobs.
The…
Read Post ›
@bethmace
The Labor Department reported that there were 103,000 jobs created in the U.S. economy in March, below the consensus expectation of 185,000. This followed an upwardly revised and very large gain in February of 326,000 and marked the 90th consecutive month of positive job gains for the U.S. economy. Over the past year, nonfarm payrolls are up 1.5%. Through…
Read Post ›
What strategies can be used to mitigate today’s tight labor markets? Below are some ideas that I hope will stimulate conversation and dialog about a topic that is here to stay. Collectively, let’s keep adding to this list and generate additional ideas about practical and implementable solutions to the ever-growing challenge of today’s tight labor markets.
These ideas fall into…
Read Post ›
As the seniors housing and care industry’s leading data provider, NIC tracks occupancy, asking rents, demand, supply and construction data for independent living, assisted living, memory care, skilled nursing and continuing care retirement communities (CCRCs)/life plan communities (LPCs). The following narrative describes CCRC/LPC occupancy and supply and demand trends in the combined primary and secondary markets, which represent the aggregate…
Read Post ›
