Independent living move-in rates in the second quarter of 2024 saw a “noticeable slowdown” compared with the same period in the previous year. The rate of steep discounting is also now higher. According to a new NIC MAP Vision Actual Rates report, discounts between asking rates and initial rates “reached new highs” for all care […]
NIC MAP Vision
This article is part of your SHN+ subscription Staffing costs. Debt service. Insurance premiums. These are just some of the line items operators are still grappling with in 2024. In the last four years, senior living expenses have not been stable. While the cost of certain goods and services has moderated, others have increased; and […]
This article is part of your SHN+ subscription Editor’s note: The upcoming Senior Housing News ReBUILD conference will feature many more great insights into the development landscape. Check out the agenda and purchase tickets here. While the pulse of senior living development may have slowed in the last four years, recent plans and projects underway […]
It’s no secret that senior living construction starts are down, and the length of time it takes for a project to open is up. But as the challenges starting new construction projects linger, the likelihood of a future shortage of senior housing inventory grows. That’s according to a new blog post from the National Investment […]
The senior living industry’s average occupancy rate ticked up again in the second quarter of the year, and is now approaching levels last seen in 2020. That’s according to the latest occupancy report from NIC MAP Vision. According to the report, released July 11, operators in the 31 primary markets that NIC MAP tracks reached […]
This article is part of your SHN+ subscription For years, senior living operators have tried in vain to increase average penetration rates. In 2024, it is the industry’s “holy grail.” If you’ve read Senior Housing News at any point in the last decade, then you are probably aware that penetration rates have been stuck, with […]
The rate at which CCRCs increase rent for residents could influence average occupancy, while occupancy growth may keep rental rate increases lower in some cases. That’s according to data analysis on continuing care retirement communities (CCRC) by NIC MAP Vision of the National Investment Center for Seniors Housing and Care (NIC). The analysis focused on […]
A new NIC MAP Vision report has good news and bad news for the senior living industry. The good news is that current penetration and unit absorption rates show the industry is on track to hit 90% average occupancy by 2026. Beyond that, demand is only expected to continue to increase as the baby boomers […]
This article is part of your SHN+ subscription Senior living operators are now picking up the pace with occupancy,approaching – and passing – census levels last seen in 2019. Signs of the race for occupancy speeding up are apparent, given the broader industry’s 11th consecutive quarter of census growth. Some of the industry’s prominent operating […]
Senior living operators slowed down rate increases in the first quarter of 2024 compared with in the past, and discounts are highest right now in independent living. That’s the latest snapshot from NIC MAP Vision, released on June 6. According to the NIC data, independent living operators had grown resident rates 4.2% on average by […]
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