Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in 2021 as the economy continued to recover from the COVID-19 crisis. According to the U.S. Bureau of Economic Analysis (BEA), the percent change increase in real GDP ranged from 8.6 percent in Tennessee to 0.3 percent in Alaska. Nationwide, growth…
Nonfarm payroll employment increased in 48 states and the District of Columbia in February compared to the previous month while Arkansas and Alaska lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 678,000 in February, following a gain of 481,000 jobs in January. On a month-over-month basis, employment…
Over the first month of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 83,404. On a year-over-year (YoY) basis, this is a 0.6% decline over the January 2021 level of 83,921. Year-to-date ending in January, single-family permits declined in three out of the four regions. The South posted a small increase…
For 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 1,111,414. On a year-over-year (YoY) basis, this is a 13.7% increase over the December 2020 level of 977,863. Year-to-date ending in December, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 15.9%, followed by the South…
Nonfarm payroll employment increased in 44 states and the District of Columbia in December compared to the previous month while five states lost jobs. Employment was unchanged in Utah. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 199,000 in December, following an upwardly revised increase of 249,000 jobs in…
Over the first eleven months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 1,029,208. On a year-over-year (YoY) basis, this is a 15.9% increase over the November 2020 level of 888,217. Year-to-date ending in November, single-family permits increased in all four regions. Southern region reported the strongest increase of 17.6%,…
