NIC MAP® Data Service clients attended a webinar in mid-October on the key seniors housing data trends during the third quarter of 2018. Key takeaways included the following:
Takeaway #1: Seniors Housing Occupancy Unchanged, but Remains Soft
The all occupancy rate for seniors housing, which includes properties still in lease up, was unchanged from the second quarter and remained at…
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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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The 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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The Labor Department reported that there were 201,000 jobs created in the U.S. economy in August, above the consensus expectation of 190,000. However, revisions subtracted 50,000 to the prior two months as June was revised to 208,000 from 224,000 and July was revised to 147,000 from 157,000. Payrolls have averaged 207,000 per month so far this year, up from 182,000…
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UnemploymentAs challenges persist in both skilled nursing and seniors housing fundamentals, pricing trends have differed over the past couple years. We have seen a decrease in the price per bed in the skilled nursing sector. But at the same time and even with today’s more challenging operating environment, seniors housing price per unit has been relatively steady which shows that…
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