Improvements in home remodeling activity last year look to continue well into 2013, suggesting that recovery might already be underway, according to the Leading Indicator of Remodeling Activity (LIRA). A product of the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, LIRA projects homeowner improvement spending will continue on its […]
Category: Chart of the Day
As policymakers in Washington still haven’t reached solution to curb the national deficit, many are left wondering what programs will face fiscal spending cuts. On the hypothetical chopping block are Medicare and Medicaid, which jointly accounted for 24% of the national budget in 2011. The debates over the pros and cons of making cuts to these […]
The majority of continuing care retirement communities budget $20,000 or less per independent living unit sale, finds a Ziegler CFO HotlineSM about marketing costs and commissions. The survey took multiple variables into account, csuch as organization size, wage and commission structure, along with the current occupancy rate. Nearly one hundred participants responded to the survey, the […]
Senior housing inventory growth is expected to remain tempered heading into 2013 and will vary by market, according to the National Investment Center (NIC) for the Seniors Housing & Care Industry. Looking ahead to the next four quarters, NIC expects inventory growth across the top 31 market areas (MAP31) to average about 1,800 units per quarter, […]
Some of the senior living providers using A Place for Mom’s mystery shopping services in the past three years have seen their conversion rates jump 40%, according to Sean Kell, the CEO of the nation’s largest senior care referral service. While there are many factors that contribute to a community’s success in converting leads to […]
The U.S. government will need to spend an additional $940 billion—or 4.4% of its GDP—on costs primarily associated with an aging population by 2025, according to estimates from Oxford Economics in a report published recently by Accenture (NYSE:ACN). “The primary driver of the projected expenditure increase is an aging U.S. population,” says Accenture in the […]
These days, seniors and their families have more variety and choice when it comes to housing and care, but many families still aren’t very knowledgeable about what’s available to them, revealed a survey by senior referral information service A Place for Mom. While “nursing home” and “retirement facility” are the two most common search terms among people […]
With less than a hundred days to go until the presidential election takes place in November, both sides of the political aisle are clamoring to attack their opponents on all sorts of issues, including one that’s very important to seniors and the senior care industry: Medicare. On the one hand, Democrats argue that Representative Paul […]
While many baby boomers are pushing back retirement, especially compared to previous generations in the early 2000s and the two preceding decades, the average retirement age actually used to be even higher, according to research from the Boston College Center for Retirement Research. Dating back to 1962, the Retirement Research Center mapped the average retirement […]
There are very few older adults aged 65 or older enrolled in the Medicare program living in long-term care facilities or community housing with services, according to a recent study released by the Center for Housing Policy. Although just 4% of the 65+ demographic live in long-term care facilities, this number nearly quadruples to 15% […]
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