Tag Archive for ‘state and local markets’

April Single-Family Permit Gains; Austin 2nd Largest Multifamily Market

Over the four months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 384,196. On a year-over-year (YoY) basis, this is a 35.6% increase over the April 2020 level of 283,344. Year-to-date ending in April, single-family permits reported increases in all four regions. The relatively more affordable Midwest reported the strongest increase of 49.8%, followed by… Read More ›

Employment Situation in April: State-Level Analysis

Nonfarm payroll employment increased in 33 states and the District of Columbia in April compared to the previous month while 17 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 266,000 in April, following an increase of 770,000 jobs in March. On a month-over-month basis, employment data was strong in California, which… Read More ›

Strong Single-Family Permit Gains in March

Over the three months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 276,110. On a year-over-year (YoY) basis, this is a 25.3% increase over the March 2020 level of 220,416. Year-to-date ending in March, single-family permits reported increases in all four regions. The relatively more affordable Midwest reported the strongest increase of 40.0%, followed by… Read More ›

Employment Situation in March: State-Level Analysis

Nonfarm payroll employment increased in 49 states and the District of Columbia in March compared to the previous month while Alaska lost just 200 jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 916,000 in March, following an increase of 468,000 jobs in February. On a month-over-month basis, employment data was strong in California,… Read More ›

Strong Single-Family Permit Gains in February

Over the first two months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 164,901. On a year-over-year (YoY) basis, this is a 16.6% increase over the February 2020 level of 141,467. Year-to-date ending in February, single-family permits showed increases in all four regions. The relatively more affordable Midwest reported the strongest increase of 24.0%, followed… Read More ›

Employment Situation in February: State-Level Analysis

Nonfarm payroll employment increased in 33 states in February compared to the previous month while 16 states and the District of Columbia reported job losses. Montana reported no change in employment. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 379,000 in February, following an increase of 117,000 jobs in January. On a month-over-month basis,… Read More ›

State-Level GDP in 2020

Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in 2020 compared to 2019 as a result of widespread economic shutdown due to COVID-19. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP ranged from 0.1 percent decline in Utah to 8.0 percent decline in Hawaii. Nationwide, growth in… Read More ›

Employment Situation in January: State-Level Analysis

Nonfarm payroll employment increased in 36 states in January compared to the previous month while 14 states and the District of Columbia reported job losses. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 166,000 in January, following a decrease of 140,000 jobs in December. On a month-over-month basis, employment data was strong in Minnesota… Read More ›

Strong Single-Family Permit Gains in January

Over the first month of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 83,921. On a year-over-year (YoY) basis, this is a 19.2% increase over the January 2020 level of 70,386. Year-to-date ending in January, single-family permits reported increases in all four regions. The relatively more affordable Midwest reported the strongest increase of 21.5%, followed by… Read More ›

Single-Family Permits End On A Strong Note In 2020

For 2020, the total number of single-family permits issued year-to-date (YTD) reached 977,863 nationwide. On a year-over-year (YoY) basis, this is a 14.5% increase over the December 2019 level of 854,158. Year-to-date ending in December, single-family permits reported increases in all four regions. The South reported the strongest increase by 16.9%, followed by the Midwest (+13.1%), the Northeast (+11.6%), and… Read More ›