NIC Research & Data
NIC MAP® Market Signals
2Q11 Market Signal: Color on Occupancy's Slow Recovery
Seniors housing occupancy remained essentially unchanged during 2Q11, as concerns about economic growth likely affected consumer confidence during the quarter while the number of new units coming on-line remained tempered. This coincided with the first increase in two years in the percent of properties reporting a decline in year-over-year occupancy. In 2Q11, approximately 41 percent of properties reported lower occupancy, up nearly 2 percentage points from the prior quarter. At the height of the financial crisis, this percentage reached a cyclical high of 53 percent. Conversely, the percentage of properties reporting higher occupancy in annual comparisons has seemed to stagnate recently, oscillating near 46 percent since 2Q10. The uptick in properties reporting declining occupancy and stagnation of properties reporting higher occupancy are dynamics behind occupancy’s continued relative slow recovery.
For data and analysis on your market, please consult the NIC MAP 2Q11 Metro
Market Reports which can be purchased in the NIC Store.
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