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CMS Releases Updated Look at COVID-19’s Impact on the Medicare Population

The Centers for Medicare & Medicaid Services (CMS) recently released a snapshot of the impact COVID-19 has had on the Medicare population. The monthly update, released June 30, shows there were more than 4.3 million COVID-19 cases among the Medicare population and more than 1.2 million COVID-19 hospitalizations.

Data in the snapshot covers the period January 1, 2020, to April 24, 2021.

A factsheet and additional information can be fund at https://www.cms.gov/research-statistics-data-systems/preliminary-medicare-covid-19-data-snapshot.

The Evolution of the Housing Supply Shortage

For years, the United States has faced a housing shortage, exacerbated by the COVID-19 pandemic. A recent analysis from Freddie Mac examines how a combination of strong demand and low mortgage rates have contributed to the shortfall, with estimates indicating the shortage rose 52 percent from 2.5 million in 2018 to 3.8 million in 2020.

The research note—which builds on an article Sam Khater, Freddie Mac’s Vice President and Chief Economist, wrote in April—points to the long-term decline in the construction of single-family homes as a main driver of the housing shortfall.

“As we navigate our way through the year and get beyond the pandemic, we expect the housing supply shortage to continue to be one of the largest obstacles to inclusive economic growth in the U.S.,” Khater wrote. “Simply put, we must build more single-family entry-level housing to address this shortage, which has strong implications for the wealth, health and stability of American communities.”

The number of new entry-level homes has fallen precipitously since the 1970s, according to the estimates. In 2020, Freddie Mac estimated that only 65,000 new entry-level homes were completed, less than one-fifth of the same homes constructed in the late 1970s and early 1980s.

High demand and low mortgage rates have driven the shortfall even higher. “This high demand has driven the housing supply shortage even higher and has also caused home prices to rise over 12% from a year ago,” Freddie Mac wrote.

The research notes several other reasons for the shortfall, including:

  • Lack of available construction labor.
  • Increasing raw material costs. During the pandemic, lumber prices increased more than 150 percent.
  • Land use regulations and zoning restrictions.
  • Demographic changes. In particular, Millennials, which are the largest demographic in the United States, are reaching prime first-time homebuying age.

The number of new entry-level homes has fallen precipitously since the 1970s, according to the estimates. In 2020, Freddie Mac estimated that only 65,000 new entry-level homes were completed, less than one-fifth of the same homes constructed in the late 1970s and early 1980s.

Econometrica Launches New Course

Econometrica Launches New Course

BETHESDA, MD – Econometrica launched a  new course about handwashing during the COVID-19 pandemic. Washing your hands regularly and thoroughly is the best thing, aside from social distancing, that you can do to protect yourself and your community from the spread of COVID-19. Adapted from guidance from the Centers for Disease Control and Prevention, the new course  will focus on when and how you should wash your hands to stay healthy – a simple task, yet often misunderstood and performed poorly.

The new course is available at https://econometricainc.com/training/.

About Econometrica:

Founded in 1998, Econometrica is a research and management organization in Bethesda, MD, established to provide public- and private-sector clients with customized program support services. Econometrica works with multiple agencies to provide high-quality, cost-effective analyses, modeling, and economic evaluations. The company consistently receives exceptional scores from its clients and believes in three principles: technical capabilities, happy customers, and business development.

Washing your hands regularly and thoroughly is the best thing, aside from social distancing.

Press Contact

Jonathan Fusfield

Econometrica Maintains Continued Operations During Coronavirus Pandemic

Econometrica Maintains Continued Operations During Coronavirus Pandemic

BETHESDA, MD – On March 13, President Trump declared a national emergency in response to the outbreak of coronavirus (COVID-19) nationwide. Econometrica, Inc., continues to monitor developments related to the coronavirus pandemic to ensure the safety of our staff, their families, and communities. We also are taking steps toward meeting our commitments to clients and partners and continue to provide the high-quality and timely services expected from Econometrica.

The following summarizes steps we have taken to date:

  • Econometrica has mandated that all employees work full time from home for the foreseeable future. We are complying with guidelines from the Centers for Disease Control and Prevention (CDC) to halt gatherings of more than 50 people and to encourage social distancing.
  • Employees working remotely have full access, using secure configurations, to Econometrica’s network resources, applications, and support, including communication tools to support telework. No project work will be interrupted by this move to a remote setup.
  • Project teams in our Health, Housing and Community Development, General Services, Capital Markets, and Data Analytics groups are moving toward scheduling all meetings virtually and limiting travel. All business travel is temporarily suspended during this time.
  • Staff members who work onsite at our clients’ offices continue to report to their respective agencies unless directed otherwise. We have been in contact with each client to develop contingency plans to address remote work should access to the client site is limited or an employee shows symptoms of COVID-19.
  • We have regularly communicated prevention strategies and tips from CDC and the American Red Cross for keeping homes and workplaces safe. Everyone has been advised to call their doctors and follow CDC recommendations for self-quarantine should they show any symptoms related to COVID-19.

Coronavirus infections increase at an exponential rate, with symptoms including fever, cough, and shortness of breath. Social distancing seems to be effective in reducing the spread, and Econometrica wants its employees to feel safe and remain healthy. As this outbreak unfolds, Econometrica will continue to provide its high-quality services with no reduction in availability or commitment.

About Econometrica:

Founded in 1998, Econometrica is a research and management organization in Bethesda, MD, established to provide public- and private-sector clients with customized program support services. Econometrica works with multiple agencies to provide high-quality, cost-effective analyses, modeling, and economic evaluations. The company consistently receives exceptional scores from its clients and believes in three principles: technical capabilities, happy customers, and business development.

Coronavirus infections increase at an exponential rate, with symptoms including fever, cough, and shortness of breath. Social distancing seems to be effective in reducing the spread, and Econometrica wants its employees to feel safe and remain healthy.

Press Contact

Jonathan Fusfield

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CMS Releases New Course for SNF Providers

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