The 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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This year at the 2018 NIC Fall Conference, we will be introducing Peer-to-Peer Salons as one of our newly enhanced educational program opportunities. The Peer-to-Peer Salons provide a forum for an exchange of ideas across various perspectives from fellow industry professionals. Salon participants will engage in discussions to gain new insights and better understanding from their peers on issues that…
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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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At the upcoming 2018 NIC Fall Conference, the “Innovations That Work” session will share ideas on innovative technologies and tools that are changing the way operators and investors care for residents. Rapid-fire, seven-minute presentations on five key topics and moderated by Arnold Whitman, Founder and Chairman of Formation Capital, LLC, will address real-world examples of innovative solutions to some of…
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