Tag Archive for ‘state and local markets’

Texas Led with Substantial Employment Gains in May

Nonfarm payroll employment increased in 49 states and decreased in Hawaii and the District of Columbia, in May compared to the previous month. The largest increase came from Texas, which added 237,800 jobs during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 2.5 million over the month of May, following a revised… Read More ›

Single-Family Permits Robust in April

Over the first four months of 2020 – and at the onset of the impact of the coronavirus, total single-family permits issued year-to-date (YTD) nationwide reached 283,344. On a year-over-year (YoY) basis, this is an 8.5% increase over the April 2019 level of 261,119. Year-to-date ending in April, single-family permits across the four regions ranging from an increase of 11.5%… Read More ›

Single-Family Permits Were Solid in March

Over the first three months of 2020 – and prior to the impact of the coronavirus, the total number of single-family permits issued year-to-date (YTD) nationwide reached 220,416. On a year-over-year (YoY) basis, this is an 18.9% increase over the March 2019 level of 185,336. Year-to-date ending in March, single-family permits reported growth across the four regions ranging from 21.7%… Read More ›

Widespread Job Losses Across the Country in March

Year-over-year (YoY), total nonfarm employment increased by 1.5 million jobs on a seasonally adjusted basis (SA), or 1.0% from March 2019 to March 2020. During this time, total nonfarm employment in the Western region increased by 1.2%. The South and the Northeast recorded gains at 1.0% and 0.2% respectively, during this time. Midwest recorded a decline of 0.2% for this… Read More ›

Single-Family Permits Were Strong in February

Over the first two months of 2020 – and prior to the impact of the coronavirus, the total number of single-family permits issued year-to-date (YTD) nationwide reached 141,467. On a year-over-year (YoY) basis, this is a 21.8% increase over the February 2019 level of 116,189. Year-to-date ending in February, single-family permits reported growth across the four regions ranging from 27%… Read More ›

Southwest Led GDP Growth In 2019

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in 2019 compared to 2018, according to the U.S. Bureau of Economic Analysis (BEA). The percent change in real GDP ranged from 4.4 percent in Texas to 0.6 percent in Nebraska. Nationwide growth in GDP, measured on a seasonally adjusted annual rate basis, reached 2.3 percent… Read More ›

Texas Led Job Gains in February

Year-over-year (YoY), total nonfarm employment increased by 2.4 million jobs on a seasonally adjusted basis (SA), or 1.6% from February 2019 to February 2020. During this time, total nonfarm employment in the Western region increased by 1.8%. The South, Northeast, and Midwest recorded gains at 1.5%, 1.0% and 0.4% respectively, during this time. It is important to note that this… Read More ›

Housing Permits Started 2020 Strong

Over the first month of 2020 – and prior to the impact of the coronavirus, the total number of single-family permits issued year-to-date (YTD) nationwide reached 70,386. On a year-over-year (YoY) basis, this is a 21.2% increase over the January 2019 level of 58,086. Year-to-date ending in January, single-family and multifamily permits reported growth across the country. Northeast led in… Read More ›

Sluggish Rebound in Single-Family Permits in December

Over the year 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 854,158. On a year-over-year (YoY) basis, this is a 0.2% increase over the December 2018 level of 852,856.   Year-to-date ending in December, single-family permits reported declines in three regions and an increase in the South. The Northeast reported the steepest decline by 6.8%. The… Read More ›