Tag Archive for ‘state and local markets’

Housing and the Agriculture Industry in the Midwest

Housing markets in the Midwest have experienced weakness in recent quarters. For example, single-family permits posted a 3.6% decline in year-to-date data when comparing December 2018 level with December 2017 in the Midwest. Single-family permitting for the first four months of 2019 are down 11.3% in the Midwest when compared to the opening months of 2018. As of April, new… Read More ›

California Leads Job Gains in April

Total nonfarm employment, seasonally adjusted (SA) increased by 2.6 million jobs, year-over-year (YoY), or 1.8% from April 2018 to April 2019. During this time, total nonfarm employment in the Western region increased by 2.0%. The South, Northeast, and Midwest recorded gains at 1.7%, 1.2% and 1.0% respectively, during this time. According to the Bureau of Labor Statistics, nonfarm payroll employment… Read More ›

Single-Family Permit Weakness at Start of 2019

Over the first three months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 185,336. On a year-over-year basis, this is a 7.3% decline over the March 2018 level of 199,861. Year-to-date ending in March, single-family permits reported growth only in the Northeast region of the country. The South, Midwest, and the West regions declined by… Read More ›

West Leads GDP Growth In 2018

Real gross domestic product (GDP) increased in 49 states and the District of Columbia and declined in Alaska in 2018 compared to 2017, according to the U.S. Bureau of Economic Analysis. In 2017, 47 states and the District of Columbia recorded growth in GDP while three states (Kansas, Louisiana, and Connecticut) recorded a decline in GDP. As a result, nationwide growth… Read More ›

Washington Leads Job Gains in March

Total nonfarm employment, seasonally adjusted (SA) increased by 2.5 million jobs, year-over-year (YoY), or 1.7% from March 2018 to March 2019. During this time, total nonfarm employment in the West region increased by 1.7%. The South, Northeast, and Midwest recorded gains at 1.6%, 0.9% and 0.6% respectively, during this time. According to the Bureau of Labor Statistics, nonfarm payroll employment… Read More ›

Single-Family Permit Decline in February

Over the first two months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 116,189. On a year-over-year basis, this is a 6.2% decline over the February 2018 level of 123,871. Year-to-date ending in February, single-family permits reported growth only in the Northeast region of the country. The South, Midwest, and the West regions declined by… Read More ›

Florida Leads Job Gains in February

Total nonfarm employment, seasonally adjusted (SA) increased by 2.5 million jobs, year-over-year (YoY), or 1.7% from February 2018 to February 2019. During this time, total nonfarm employment in the Western and Southern regions increased by 1.7%. The Midwest and the Northeast recorded the lowest gains at 0.7% and 0.8% respectively, during this time. According to the Bureau of Labor Statistics,… Read More ›

Permit Growth Stable in December

Over the year 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 852,856. On a year-over-year basis, this is a 4.3% increase over the December 2017 level of 817,319. The preliminary results from the New Residential Construction Survey are similar, year-to-date single-family permits for the year 2018, was 852,700 which is 4.0% ahead of its level over… Read More ›

Rocky Mountain and the Far West Led GDP Growth in the Third Quarter of 2018

Real gross domestic product (GDP) increased in 49 states and the District of Columbia, in the third quarter 2018 compared to the second quarter of 2018. U.S. Bureau of Economic Analysis reported the real GDP growth rates, measured on a seasonally adjusted annual rate basis, ranged from 5.8% in Washington to 0.0% in West Virginia. Nationwide, real GDP growth slowed to… Read More ›