Loans for new construction bounced back in 4th quarter: NIC
By
Kathleen Steele Gaivin
May 12, 2023
After a sharp decline in the issuance of mini-perm/bridge debt for senior living in the third quarter of 2022 , senior living loans bounced back in the fourth quarter to levels seen earlier in the year,...
Brookdale Senior Living, Ventas, Diversified Healthcare Trust, Healthcare Realty Trust and Enhabit shared first-quarter financial results with shareholders on Tuesday.
April’s jobless rate ties January’s record low at 3.4%
By
Kathleen Steele Gaivin
May 09, 2023
After a slight bump in March, the nation’s jobless rate slipped to 3.4%, tying it with January’s record low. That’s the lowest jobless level in 54 years.
Offering a retirement plan ‘critical asset’ even for small business owners
By
Kathleen Steele Gaivin
May 09, 2023
It’s not just the big corporations that need to offer a retirement plan to employees. Even small business owners can, and should, should set up a retirement plan, according to Los Angeles-based Capital...
Senior living and care liability insurance rates stabilizing, but decreases not expected any time soon
By
Kathleen Steele Gaivin
May 02, 2023
Owners and operators of senior living and care facilities and communities are expected to see some deceleration in rate increases for liability coverage, according to a recent survey from Willis Towers...
Low-wage workers experience historically fast wage growth: report
By
Kathleen Steele Gaivin
May 01, 2023
Low-wage workers experienced wage growth of 9% between 2019 and 2022. That’s a historically fast real wage growth over the three-year span, especially in a period of economic inflation, according to...
One-fifth of Americans 59+ have net worth of $0 or less
By
Kathleen Steele Gaivin
Apr 24, 2023
Almost a third of Americans (31%) report having a net worth $0 or less, a new study finds. And for Americans 59 and older who may be contemplating retirement, 21% report that their total amount of liabilities...
Increased financial pressure looms, but outlook for CCRCs is balanced, Fitch says
By
Kathleen Steele Gaivin
Apr 17, 2023
Increased financial pressure is heading down the pike, with a mild recession likely in the months ahead. That’s according to commentary from Fitch Ratings.
Some independent living providers raise entrance fees by double digits
By
Kathleen Steele Gaivin
Apr 13, 2023
Some senior living providers are increasing entrance fees and monthly fees for their independent living residents. That’s according to the results of a new CFO Hotline survey by speciality investment...
Construction market slowing in 2023
By
Kathleen Steele Gaivin
Apr 07, 2023
Major indicators are pointing toward a slower construction market in 2023.
That’s according to a market report released by construction company, general contractor, design-builder and construction manager...