As in all real estate, “its local” for seniors housing as well. Indeed, while the seniors housing occupancy rate remained at a six-year low rate of 87.9% in the third quarter, not all markets were weak. There was a very wide disparity between the best and poorest performing markets with a 13.8 percentage point variance between the most occupied market…
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The unemployment rate remained low at 3.7% in November, 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 upward pressure on wage rates will continue. Further indications that this is in fact starting to occur were…
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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 shows the ordinal ranking of…
Drawing over 1,500 owners, operators, capital providers, and other seniors housing & care stakeholders, the upcoming NIC Spring Conference has established itself as a must-attend event for decision makers across the sector. To miss it is to pass up a rare opportunity to build relationships, make new connections, and gain the latest data and thought leadership, in 3 value-packed days…
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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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