The US and Northern Virginia Economy Trends and Outlook

Size: px
Start display at page:

Download "The US and Northern Virginia Economy Trends and Outlook"

Transcription

1 NVBCC Annual Meeting The US and Northern Virginia Economy Trends and Outlook Lisa A. Sturtevant, PhD Center for Regional Analysis School of Public Policy George Mason University November 8, 1 Recession Recovery Patterns of GDP Past Four Recessions % Change in GDP Quarters After Trough 198-Q 1991-Q1 1-Q 9-Q Sources: Bureau of Economic Analysis, GMU Center for Regional Analysis GMU Center for Regional Analysis 1

2 ISM Manufacturing and Non-Manufacturing Indices Mfg N-Mfg Source: Institute for Supply Management (s) Annual Change in Payroll Jobs US Month-Over-Year Oct = M GMU Center for Regional Analysis

3 U.S. Payroll Job Change by Sector Oct 11 Oct 1 Ranked by Size in 11 Educ & Health Svcs State & Local Govt Prof. & Bus. Svcs Retail Trade Leisure & Hosp. Manufacturing Financial Wlse Trade Construction Other Services Transp. & Util. Federal Govt. Information (s) Total = 1, Source: Bureau of Labor Statistics (Seasonally Adjusted), GMU Center for Regional Analysis % U.S. Unemployment Rate Oct= 7.9 GI FCST Source: Bureau of Labor Statistics (Seasonally Adjusted), Global Insight GMU Center for Regional Analysis

4 Consumer Confidence Expectations Current Situation 1 Source: The Conference Board, GMU Center for Regional Analysis U.S. New and Existing Home Sales (s) 7 Existing (Left Axis) New (Right Axis) (s) Source: National Association of Home Builders (New), National Association of Realtors (Existing) GMU Center for Regional Analysis

5 % U.S. Gross Domestic Product Quarterly Change: 7 1 Forecast > > > > > Source: Bureau of Economic Analysis, Global Insight The Washington Area and Northern Virginia Economy GMU Center for Regional Analysis

6 (s) 1 Annual Job Change MOTYC Washington MSA (s) 8 Annual Job Change MOTYC District of Columbia GMU Center for Regional Analysis

7 (s) 8 Annual Job Change MOTYC Suburban yland (s) 8 Annual Job Change MOTYC Northern Virginia GMU Center for Regional Analysis 7

8 (s) 1 1 Largest Job kets Job Change: Washington + 1, Prof. & Bus. Svcs Federal Govt. Educ & Health Svcs State & Local Govt Retail Trade Leisure & Hosp. Construction Other Services Financial Information Manufacturing Wlse Trade Transp. & Util. Job Change by Sector 11 1 Washington MSA (s) Total = 1, GMU Center for Regional Analysis 8

9 (s) Annual Data Professional & Business Services Washington MSA Annual Month over Year Nov Nov Nov Nov Tot 11 = 88,7 (s) Annual Data Federal Government Washington MSA Annual Month over Year Nov Nov Nov Nov Tot 11 = 8, GMU Center for Regional Analysis 9

10 (s) Annual Data Annual Job Change Northern Virginia Jun Dec Annual Month over Year Jun Dec Jun Dec Jun Prof. & Bus. Svcs Federal Govt. Educ & Health Svcs State & Local Govt Retail Trade Leisure & Hosp. Construction Other Services Financial Information Manufacturing Wlse Trade Transp. & Util. Job Change by Sector 11 1 Northern Virginia (s) Total 8, GMU Center for Regional Analysis 1

11 Unemployment Rate DC 7.8 U.S.. SMD. MSA. - NVA Source: Bureau of Labor Statistics (Region - Not Seasonally Adjusted, US Seasonally Adjusted) Housing ket Trends GMU Center for Regional Analysis 11

12 Percent Change in Inventories of Existing Homes Month-Over-Year 1, MSA = -.% Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis 1 Existing Home Sales Washington MSA Through tember Month Moving Average Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis GMU Center for Regional Analysis 1

13 Total Active Listings Per Sale tember Each Year LDN PG PW DC ARL MONT FFX Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis (s) 1 1 Median House Sales Price Washington MSA $ 9K 1 Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis GMU Center for Regional Analysis 1

14 Average Sales Price Percent Change Washington MSA All Housing Types % Annual Change Annual Change by Month Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis % Average Sales Price Percent Change District of Columbia All Housing Types Annual Change Annual Change by Month Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis GMU Center for Regional Analysis 1

15 % Average Sales Price Percent Change Suburban yland All Housing Types Annual Change Annual Change by Month Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis Average Sales Price Percent Change Northern Virginia All Housing Types % Annual Change Annual Change by Month Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis GMU Center for Regional Analysis 1

16 1 1 Washington MSA Building Permits 1, -Month Mvg Avg Source: Census Bureau, GMU Center for Regional Analysis % Economic Outlook (GRP) 1 Washington Area and Sub-state Portions (Annual % Change) NV MSA SM DC Source: GMU Center for Regional Analysis GMU Center for Regional Analysis 1

17 Employment Change by Sub-state Region (s) D.C Sub. MD No. VA REGION Average Annual Change =, Source: BLS, GMU Center for Regional Analysis, 9-1 based on 1 Benchmark data from BLS, Revised /1/1 NOTE: 11 Total is the sum of subregions and does not agree with the 1, 1 published MSA total. % GDP/GRP - 1 Washington U.S Source: Global Insight, GMU Center for Regional Analysis GMU Center for Regional Analysis 17

18 GMU Center for Regional Analysis cra.gmu.edu GMU Center for Regional Analysis 18

The U.S. and Washington Area Economic Performance and Outlook

The U.S. and Washington Area Economic Performance and Outlook /8/ The U.S. and Washington Area Economic Performance and Outlook Center for Regional Analysis School of Public Policy George Mason University November 8, Recession Recovery Patterns of GDP Past Four Recessions

More information

The Outlook for the Washington Area and Northern Virginia Economies

The Outlook for the Washington Area and Northern Virginia Economies 9// Northern Virginia Association of Realtors 5 th Annual Economic Summit The Outlook for the Washington Area and Northern Virginia Economies Stephen S. Fuller, PhD Director, Center for Regional Analysis

More information

Delta Associates. The U.S. and Washington Area Economic Performance and Outlook

Delta Associates. The U.S. and Washington Area Economic Performance and Outlook // Delta Associates The U.S. and Washington Area Economic Performance and Outlook Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for Regional Analysis George

More information

The U.S. and Washington Area Economic Performance and Outlook

The U.S. and Washington Area Economic Performance and Outlook // The U.S. and Washington Area Economic Performance and Outlook Center for Regional Analysis School of Public Policy George Mason University January, 3 Recession Recovery Patterns of GDP Past Four Recessions

More information

The U.S. Economy s Current Performance and Outlook

The U.S. Economy s Current Performance and Outlook /3/4 Board of Directors, Northern Virginia Association of Realtors The Current Economic Outlook & Area Housing Market Conditions Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor

More information

Recent Economic Trends and Comparative Performance: U.S., Commonwealth of Virginia, Washington Metropolitan Area and Northern Virginia

Recent Economic Trends and Comparative Performance: U.S., Commonwealth of Virginia, Washington Metropolitan Area and Northern Virginia 8// Capital One Bank and the GMU Center for Regional Analysis The Washington Area Economy: A Mid-Year Review and Early Forecast for Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor

More information

HAND/CNHED Joint Meeting. Washington Area Economy and Housing Market Trends and Outlook

HAND/CNHED Joint Meeting. Washington Area Economy and Housing Market Trends and Outlook 1/26/12 HAND/CNHED Joint Meeting Washington Area Economy and Housing ket Trends and Outlook Lisa A. Sturtevant, PhD Center for Regional Analysis School of Public Policy George Mason University October

More information

The U. S. Economy: Current Performance and Outlook

The U. S. Economy: Current Performance and Outlook 9// D.C. Institutional Investor Conference The Outlook for the U.S., Washington Area and District of Columbia Economies Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor George

More information

The Breakfast Group. The Outlook for the U.S. and Washington Area Economies In 2013 and Beyond

The Breakfast Group. The Outlook for the U.S. and Washington Area Economies In 2013 and Beyond The Breakfast Group The Outlook for the U.S. and Washington Area Economies In 2013 and Beyond Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for Regional

More information

The U.S. Economy s Current Performance and Outlook

The U.S. Economy s Current Performance and Outlook Delta Associates Spring Seminar The U.S. and Washington Area Economies: Current Performance and Outlook: 24-29 Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center

More information

Northwest Federal Credit Union

Northwest Federal Credit Union 3/28/211 Northwest Federal Credit Union The U.S. and Washington Area Economic Performance and Outlook Stephen S. Fuller, PhD Dwight Sh Schar Faculty Chair and University it Professor Director, Center for

More information

NonProfit Speakers Series. The Economic Outlook for The Washington Metropolitan Area

NonProfit Speakers Series. The Economic Outlook for The Washington Metropolitan Area /3/ NonProfit Speakers Series The Economic Outlook for The Washington Metropolitan Area Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for Regional Analysis

More information

SAME/ACEC June Conference. The Outlook for the U.S. and Washington Area Economies In 2013 and Beyond

SAME/ACEC June Conference. The Outlook for the U.S. and Washington Area Economies In 2013 and Beyond 6/24/23 SAME/ACEC June Conference The Outlook for the U.S. and Washington Area Economies In 23 and Beyond Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for

More information

Washington Area & Northern Virginia Economic Performance and Outlook

Washington Area & Northern Virginia Economic Performance and Outlook Washington Area & Northern Virginia Economic Performance and Outlook Presentation to Northern Virginia Association of Realtors Economic Summit Terry L. Clower, Ph.D. Center for Regional Analysis Schar

More information

NVTC. Economic Performance and Outlook

NVTC. Economic Performance and Outlook 3//11 NVTC The U.S. and Washington Area Economic Performance and Outlook John McClain, AICP, Senior Fellow and Deputy Director, Center for Regional Analysis School of Public Policy, George Mason University

More information

The Outlook for the U.S. and Washington Area Economies In 2013 and Beyond

The Outlook for the U.S. and Washington Area Economies In 2013 and Beyond Boland Open House The Outlook for the U.S. and Washington Area Economies In 213 and Beyond Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for Regional Analysis

More information

Washington Building Congress. The U.S. and Washington Area Economic Performance and Outlook

Washington Building Congress. The U.S. and Washington Area Economic Performance and Outlook Washington Building Congress The U.S. and Washington Area Economic Performance and Outlook Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for Regional Analysis

More information

Finance and Administration Roundtable. The Washington Area Economy: Repositioning for Renewed Growth

Finance and Administration Roundtable. The Washington Area Economy: Repositioning for Renewed Growth 5/2/25 Finance and Administration Roundtable The Washington Area Economy: Repositioning for Renewed Growth Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor George Mason University

More information

The Commonwealth of Virginia s Economy: Recession and Recovery

The Commonwealth of Virginia s Economy: Recession and Recovery 11/18/215 House Appropriations Committee Retreat The Virginia and Northern Virginia Economies: Current Trends and Future Prospects Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor

More information

Market and Economic Briefing. Washington Area Economy: Performance and Outlook

Market and Economic Briefing. Washington Area Economy: Performance and Outlook Market and Economic Briefing Washington Area Economy: Performance and Outlook Terry L. Clower, Ph.D. Director, Center for Regional Analysis Schar School of Policy and Government George Mason University

More information

The Fairfax County Chamber of Commerce. The Driving Forces Behind Fairfax County s Future Growth

The Fairfax County Chamber of Commerce. The Driving Forces Behind Fairfax County s Future Growth 1/22/214 The Fairfax County Chamber of Commerce The Driving Forces Behind Fairfax County s Future Growth Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for

More information

The Washington Area Economy: Repositioning for Renewed Growth

The Washington Area Economy: Repositioning for Renewed Growth Finance and Administration Roundtable The Washington Area Economy: Repositioning for Renewed Growth Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for Regional

More information

Economic Outlook and Housing Market Forecast

Economic Outlook and Housing Market Forecast Economic Outlook and Housing Market Forecast NVAR Housing Finance Summit Terry L, Clower, Ph.D. Director, Center for Regional Analysis Schar School of Policy and Government George Mason University May

More information

The Washington Region s Housing Market and Outlook

The Washington Region s Housing Market and Outlook The Washington Region s Housing Market and Outlook John McClain, AICP Senior Fellow and Deputy Director, Center for Regional Analysis, School of Public Policy George Mason University January 14, 2009 U.S.

More information

Hobart and Wm. Smith Colleges. The Economy of the Washington Metropolitan Area: Its Performance and What Makes It Different

Hobart and Wm. Smith Colleges. The Economy of the Washington Metropolitan Area: Its Performance and What Makes It Different Hobart and Wm. Smith Colleges The Economy of the Washington Metropolitan Area: Its Performance and What Makes It Different Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director,

More information

Housing Market Trends in the Washington Area

Housing Market Trends in the Washington Area Housing Market Trends in the Washington Area Mark White, Ph.D. Deputy Director, Center for Regional Analysis Schar School of Policy and Government George Mason University March 1, 218 6. U.S. Gross Domestic

More information

Economic Performance and Outlook: Washington Metro Area and Northern Virginia

Economic Performance and Outlook: Washington Metro Area and Northern Virginia Economic Performance and Outlook: Washington Metro Area and Northern Virginia Dr. Terry L. Clower, Ph.D. Director, Center for Regional Analysis School of Public Policy George Mason University e 22, 215

More information

Washington Area Economy: Performance and Outlook

Washington Area Economy: Performance and Outlook Washington Area Economy: Performance and Outlook Presentation to: Southeast Fairfax Development Corporation Mount Vernon Lee Chamber of Commerce Terry L. Clower, Ph.D. Director, Center for Regional Analysis

More information

Washington Area Economy: Performance and Outlook

Washington Area Economy: Performance and Outlook Washington Area Economy: Performance and Outlook Center for Regional Analysis Schar School of Policy and Government George Mason University August 22, 218 6. U.S. Gross Domestic Product Quarterly Change

More information

Washington Area Economy: Performance and Outlook

Washington Area Economy: Performance and Outlook Washington Area Economy: Performance and Outlook Center for Regional Analysis Schar School of Policy and Government George Mason University April 8, 219 U.S. Gross Domestic Product 6. Quarterly Change

More information

Washington Area Economy: Performance and Outlook

Washington Area Economy: Performance and Outlook Washington Area Economy: Performance and Outlook Center for Regional Analysis Schar School of Policy and Government George Mason University June 18, 218 U.S. Gross Domestic Product 6. Quarterly Change

More information

The Washington Area s Post- Federally Dependent Economy

The Washington Area s Post- Federally Dependent Economy Potomac Officers Club Post-Sequestration Summit The Washington Area s Post- Federally Dependent Economy Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for

More information

Atlanta Regional Commission Link. Overview of the Greater Washington Region: Trends and Challenges

Atlanta Regional Commission Link. Overview of the Greater Washington Region: Trends and Challenges Atlanta Regional Commission Link Overview of the Greater Washington Region: Trends and Challenges Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for Regional

More information

Montgomery County, Maryland Economic Outlook, 2020

Montgomery County, Maryland Economic Outlook, 2020 11/9/211 Montgomery County Council Montgomery County, Maryland Economic Outlook, 22 Stephen S. Fuller, PhD Dwight Schar Faculty Chair and University Professor Director, Center for Regional Analysis School

More information

The Current Performance and Near-Term Outlook for The U.S. and Washington Region s Economies Plus Prince William County

The Current Performance and Near-Term Outlook for The U.S. and Washington Region s Economies Plus Prince William County Prince William County Chamber of Commerce The Current Performance and Near-Term Outlook for The U.S. and Washington Region s Economies Plus Prince William County 2015-2025 Stephen S. Fuller, Ph.D. The

More information

Washington Area Economy: Performance and Outlook

Washington Area Economy: Performance and Outlook Washington Area Economy: Performance and Outlook Presentation to: Southeast Fairfax Development Corporation Mount Vernon Lee Chamber of Commerce Terry L. Clower, Ph.D. Director, Center for Regional Analysis

More information

Washington Area Economy: Performance and Outlook

Washington Area Economy: Performance and Outlook Washington Area Economy: Performance and Outlook Presentation to: Greater Washington Association of Financial Professionals Mark C. White, Ph.D. Deputy Director Center for Regional Analysis Schar School

More information

The Vision Series,

The Vision Series, The Vision Series, 212-213 The Washington Area Economy: Transitioning From Federal Dependency to a Global Business Base Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director,

More information

What Will The Montgomery County Economy Look Like in 2017

What Will The Montgomery County Economy Look Like in 2017 Montgomery County Chamber of Commerce What Will The Montgomery County Economy Look Like in 217 Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for Regional

More information

What Will The Montgomery County Economy Look Like in 2017

What Will The Montgomery County Economy Look Like in 2017 Leadership Montgomery Breakfast Club What Will The Montgomery County Economy Look Like in 217 Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for Regional

More information

Metropolitan Washington Area Key Economic & Demographic Indicators

Metropolitan Washington Area Key Economic & Demographic Indicators Metropolitan Washington Area Key Economic & Demographic Indicators Arlington County Community Facilities Study March 11, 2015 Lisa A. Sturtevant, PhD Vice President of Research National Housing Conference

More information

The Washington Region s Current Economic Performance and Near-Term Outlook

The Washington Region s Current Economic Performance and Near-Term Outlook The Washington Region s Current Economic Performance and Near-Term Outlook Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, The Stephen S. Fuller Institute for Research

More information

ANALYSIS OF THE CENTRAL VIRGINIA AREA HOUSING MARKET Annual Market Report. Lisa A. Fowler, PhD. John McClain, AICP

ANALYSIS OF THE CENTRAL VIRGINIA AREA HOUSING MARKET Annual Market Report. Lisa A. Fowler, PhD. John McClain, AICP ANALYSIS OF THE CENTRAL VIRGINIA AREA HOUSING MARKET 2008 Annual Market Report By Lisa A. Fowler, PhD John McClain, AICP George Mason University Center for Regional Analysis The U.S. officially entered

More information

Real Deal The U.S. and Washington Area Economic Performance and Outlook

Real Deal The U.S. and Washington Area Economic Performance and Outlook Real Deal 2011 The U.S. and Washington Area Economic Performance and Outlook Stephen S. Fuller, PhD Dwight Schar Faculty Chair and University Professor Director, Center for Regional Analysis George Mason

More information

Q1 16 ECONOMIC OUTLOOK Washington Metro Area

Q1 16 ECONOMIC OUTLOOK Washington Metro Area www.capitalbankmd.com PARTNERS in YOUR VISION Q1 16 ECONOMIC OUTLOOK Washington Metro Area Dr. Stephen Fuller Published March 216 Capital Bank N.A. 1 Church Street, Suite 3 Rockville, MD 28 www.capitalbankmd.com

More information

Chad Wilkerson. Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City

Chad Wilkerson. Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City Chad Wilkerson Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City www.kansascityfed.org Overview of the Federal Reserve System The Fed consists of three main

More information

Economic and Housing Outlook

Economic and Housing Outlook Economic and Housing Outlook Home Builders Association of Virginia June 22, 2018 Robert Dietz, Ph.D. NAHB Chief Economist Housing Market Growing; Single-Family Lags Tax reform changes Macroeconomics post-tax

More information

WA S H I N G TO N / BALT I M O R E

WA S H I N G TO N / BALT I M O R E D E L T A A S S O C I A T E S WA S H I N G TO N / BALT I M O R E R E A L E S T A T E M A R K E T O V E R V I E W MULTIFAMILY MARKET OVERVIEW 0 9. 2 9. 2 0 1 5 B y W i l l i a m R i c h, C R E P r e s i

More information

Chad Wilkerson. Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City.

Chad Wilkerson. Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City. Chad Wilkerson Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City www.kansascityfed.org/oklahomacity Recent Oklahoma Economic Trends Oklahoma s economy has

More information

Current Economic Review April 16, 2014

Current Economic Review April 16, 2014 Current Economic Review April 16, 2014 Brian Bonnenfant Project Manager Center for Regional Studies University of Nevada, Reno 784-1771 bonnen@unr.edu 230,000 225,000 **Peak = 228,100 Emp **Start of Great

More information

U.S. and Oklahoma Economic Update. Megan Williams Associate Economist and Manager, Oklahoma City Branch. The U.S. Economy and Monetary Policy

U.S. and Oklahoma Economic Update. Megan Williams Associate Economist and Manager, Oklahoma City Branch. The U.S. Economy and Monetary Policy U.S. and Oklahoma Economic Update Megan Williams Associate Economist and Manager, Oklahoma City Branch The U.S. Economy and Monetary Policy GDP growth was relatively strong in the second half of Growth

More information

Chad Wilkerson. Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City

Chad Wilkerson. Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City Chad Wilkerson Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City www.kansascityfed.org Overview of the Federal Reserve System The Fed consists of three main

More information

Rising Risks for the Housing Outlook

Rising Risks for the Housing Outlook Rising Risks for the Housing Outlook Master Builders Association of Pierce County October 17, 2018 Robert Dietz, Ph.D. NAHB Chief Economist Population Growth Pierce County population growing faster than

More information

Gorfine, Schiller, & Gardyn, P.A. Real Deal Seminar

Gorfine, Schiller, & Gardyn, P.A. Real Deal Seminar Gorfine, Schiller, & Gardyn, P.A. Real Deal Seminar The U.S. and Washington Economies: Current Performance and Near Term Outlook Stephen S. Fuller, PhD Dwight Schar Faculty Chair and University Professor

More information

Acknowledgements. The Center for Regional Analysis would like to thank the following sponsors for their support for this research project:

Acknowledgements. The Center for Regional Analysis would like to thank the following sponsors for their support for this research project: Housin using the Region s Futu uture Workforce Policy Challe allenges for Local Jurisdictions ons Final Report by Lisa A. Sturtevant, PhD Stephen S. Fuller, PhD George Maso ason University School of Public

More information

The Federal Reserve, Monetary Policy, and Economic Indicators

The Federal Reserve, Monetary Policy, and Economic Indicators The Federal Reserve, Monetary Policy, and Economic Indicators Megan Williams Associate Economist Federal Reserve Bank of Kansas City, Oklahoma City Branch The Creation of the Fed The first two national

More information

NORTH TEXAS ECONOMY Emily Kerr Federal Reserve Bank of Dallas October 19, 2017

NORTH TEXAS ECONOMY Emily Kerr Federal Reserve Bank of Dallas October 19, 2017 NORTH TEXAS ECONOMY Emily Kerr October 19, 217 The views expressed are of the speaker and should not be attributed to the Dallas Fed or the Federal Reserve System. North Texas Overview Home to over 7.2

More information

The Roadmap for the Washington Region s Future Economy: Pivoting the Region s Economy Away From Its Federal Dependence An Assessment

The Roadmap for the Washington Region s Future Economy: Pivoting the Region s Economy Away From Its Federal Dependence An Assessment The Roadmap for the Washington Region s Future Economy: Pivoting the Region s Economy Away From Its Federal Dependence An Assessment The Stephen S. Fuller Institute for Research on the Washington Region

More information

The Washington Region s Economy in 2017 and Outlook for 2018 and Beyond

The Washington Region s Economy in 2017 and Outlook for 2018 and Beyond The Washington Region s Economy in 2017 and Outlook for 2018 and Beyond By Stephen S. Fuller, Ph.D. and Jeannette Chapman The Stephen S. Fuller Institute for Research on the Washington Region s Economic

More information

Washington Economy Watch

Washington Economy Watch Washington Economy Watch Vol. I, No. 2 February 2017 The Stephen S. Fuller Institute for Research on the Washington Region s Economic Future Schar School of Policy and Government George Mason University

More information

Old Dominion University 2016 Regional Economic Forecast. Strome College of Business

Old Dominion University 2016 Regional Economic Forecast. Strome College of Business Old Dominion University 2016 Regional Economic Forecast January 27, 2016 Professor Vinod Agarwal Director, Economic Forecasting Project Strome College of Business www.odu.edu/forecasting 1 Presentation

More information

Chad Wilkerson. Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City

Chad Wilkerson. Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City Chad Wilkerson Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City www.kansascityfed.org History and Structure of the Federal Reserve System The Federal Reserve

More information

MEGATREND 1: WAGE GROWTH IS FLAT, BUT DISCRETIONARY INCOME IS UP

MEGATREND 1: WAGE GROWTH IS FLAT, BUT DISCRETIONARY INCOME IS UP MEGATRENDS MegaTrends 1. Wage growth is flat, but discretionary income is up 2. The regional economy is recovering but not yet recovered 3. Consumer behavior is changing 4. Tenant behavior is changing

More information

Robert D. Cruz, PhD, Chief Economist

Robert D. Cruz, PhD, Chief Economist Robert D. Cruz, PhD, Chief Economist Office of Economic Development and International Trade Miami-Dade County cruzr1@miamidade.gov / www.miamidade.gov/oedit Office of Economic Development and International

More information

CRA Roundtable August 19, Megan Williams

CRA Roundtable August 19, Megan Williams CRA Roundtable August 19, 214 Megan Williams Associate Economist and Manager, Oklahoma City Branch Federal Reserve Bank of Kansas City www.kansascityfed.org/oklahomacity The U.S. Economy and Monetary Policy

More information

Chickasha Rotary Club March 8, Chad Wilkerson

Chickasha Rotary Club March 8, Chad Wilkerson Chickasha Rotary Club March 8, 212 Chad Wilkerson Oklahoma City Branch Executive and Economist Federal Reserve Bank of Kansas City www.kansascityfed.org/oklahomacity The Fed and the U.S. Economic Outlook

More information

The U.S. and California Is The Recovery Here at Last? UCLA Anderson School of

The U.S. and California Is The Recovery Here at Last? UCLA Anderson School of The U.S. and California Is The Recovery Here at Last? Jerry Nickelsburg Senior Economist UCLA Anderson Forecast State of the County January 20, 2010 SEPTEMBER 2008 In September 2008 Financial Markets Stopped

More information

The Transitioning Massachusetts Economy

The Transitioning Massachusetts Economy The Transitioning Massachusetts Economy Alan Clayton-Matthews School of Public Policy and Urban Affairs Northeastern University February 4, 2011 MassEcon Members Meeting Quarterly Growth at Annual Rates

More information

Review of Northern Virginia Market Conditions and Trends

Review of Northern Virginia Market Conditions and Trends Review of Northern Virginia Market Conditions and Trends Prepared for Northern Virginia Area Association of Realtors November 12, 2011 Virginia Housing Development Authority Northern Virginia s existing

More information

An Update on Economic Conditions. January 5, 2010

An Update on Economic Conditions. January 5, 2010 An Update on Economic Conditions Raymond Owens January 5, 21 Real Gross Domestic Product 8 7 6 5 4 Percent change from previous quarter at annual rate 3 Q3 2.2% 2 1-1 -2-3 -4-5 -6-7 21 22 23 24 25 26 27

More information

Economic Outlook. R. Andrew Bauer, Ph.D. Senior Regional Economist Research Department

Economic Outlook. R. Andrew Bauer, Ph.D. Senior Regional Economist Research Department Economic Outlook R. Andrew Bauer, Ph.D. Senior Regional Economist Research Department GBC Baltimore County Business Advisory Council December 15, 2015 Maryland survey suggests solid business activity Source:

More information

Status of the Unemployment Trust Fund and Related Issues. Commission on Unemployment Compensation. Ellen Marie Hess, Commissioner.

Status of the Unemployment Trust Fund and Related Issues. Commission on Unemployment Compensation. Ellen Marie Hess, Commissioner. Status of the Unemployment Trust Fund and Related Issues Commission on Unemployment Compensation August 8, 2018 Ellen Marie Hess, Commissioner 2 Trust Fund Data Standard Forecast (Millions of Dollars)

More information

RECESSION AND RECOVERY IN MISSOURI AND THE U.S.

RECESSION AND RECOVERY IN MISSOURI AND THE U.S. RECESSION AND RECOVERY IN MISSOURI AND THE U.S. Alison Felix Senior Economist Federal Reserve Bank of Kansas City The views expressed are those of the presenter and do not necessarily reflect the positions

More information

Arkansas Economic Outlook

Arkansas Economic Outlook Arkansas Economic Forecast Conference 2011 Arkansas Economic Outlook Dr. Michael Pakko Chief Economist and State Economic Forecaster Institute for Economic Advancement, UALR November 2, 2011 Arkansas Experience

More information

Old Dominion University 2017 Regional Economic Forecast. Strome College of Business

Old Dominion University 2017 Regional Economic Forecast. Strome College of Business Old Dominion University 2017 Regional Economic Forecast January 25, 2017 Professor Vinod Agarwal Director, Economic Forecasting Project Strome College of Business www.odu.edu/forecasting The views expressed

More information

Outlook for the Texas Economy. Luis Bernardo Torres Ruiz, Ph.D. June 29, 2016

Outlook for the Texas Economy. Luis Bernardo Torres Ruiz, Ph.D. June 29, 2016 Outlook for the Texas Economy Luis Bernardo Torres Ruiz, Ph.D. June 29, 2016 Research Economist Texas Gas Association Contents 1. Economic Outlook 2. Housing Market 3. Challenges and Issues During the

More information

VIRGINIA BUSINESS INDICATORS. 1st Quarter 2018 ECONOMIC INFORMATION & ANALYTICS. Volume 3, Number 1

VIRGINIA BUSINESS INDICATORS. 1st Quarter 2018 ECONOMIC INFORMATION & ANALYTICS. Volume 3, Number 1 ECONOMIC INFORMATION & ANALYTICS Volume 3, Number 1 VIRGINIA Virginia Employment Commission BUSINESS INDICATORS A Publication of the Virginia Employment Commission Virginia Business Indicators (Millions

More information

Projected Job Growth

Projected Job Growth 1 Projected Job Growth Baton Rouge is projected to increase employment by 1.1% in 2018, which translates into approximately 4,500 new jobs Percentage change in nonfarm jobs* Actual Growth YTD Actual Growth

More information

Outlook for the Texas Economy. Luis Bernardo Torres Ruiz, Ph.D. August 26, 2016

Outlook for the Texas Economy. Luis Bernardo Torres Ruiz, Ph.D. August 26, 2016 Outlook for the Texas Economy Luis Bernardo Torres Ruiz, Ph.D. August 26, 2016 Research Economist Texas Society of Architects Contents 1. U.S. Economic Outlook 2. Texas Economic Outlook 3. Challenges and

More information

RECESSION AND RECOVERY IN NEBRASKA AND THE U.S.

RECESSION AND RECOVERY IN NEBRASKA AND THE U.S. RECESSION AND RECOVERY IN NEBRASKA AND THE U.S. Alison Felix Senior Economist Federal Reserve Bank of Kansas City The views expressed are those of the presenter and do not necessarily reflect the positions

More information

Housing the Future Workforce in the Hampton Roads Region

Housing the Future Workforce in the Hampton Roads Region Housing the Future Workforce in the Hampton Roads Region By Lisa Sturtevant, PhD Executive Director, Center for Housing Policy Vice President for Research, National Housing Conference Prepared for Housing

More information

PAYROLL JOB GROWTH Selected Large Metro Areas 12 Months Ending August 2017

PAYROLL JOB GROWTH Selected Large Metro Areas 12 Months Ending August 2017 THE ECONOMY P AY R O L L J O B S ( T H O U S A N D S ) PAYROLL JOB GROWTH Selected Large Metro Areas 12 Months Ending August 2017 160 140 120 100 80 67 60 40 20 0 NY DFW Atl LA Basin Was Bos South FL Hou

More information

DEPARTMENT OF LABOR AND INDUSTRIAL RELATIONS. HAWAII'S UNEMPLOYMENT RATE AT 2.2 PERCENT IN SEPTEMBER Jobs Increase 11,600 Over the Year

DEPARTMENT OF LABOR AND INDUSTRIAL RELATIONS. HAWAII'S UNEMPLOYMENT RATE AT 2.2 PERCENT IN SEPTEMBER Jobs Increase 11,600 Over the Year DEPARTMENT OF LABOR AND INDUSTRIAL RELATIONS FOR IMMEDIATE RELEASE October, 20 DAVID Y. IGE GOVERNOR LEONARD HOSHIJO DIRECTOR HAWAII'S UNEMPLOYMENT RATE AT 2.2 PERCENT IN SEPTEMBER Jobs Increase 11,600

More information

The Economic Outlook 2014

The Economic Outlook 2014 The Economic Outlook 2014 Perry Woodside, Ph.D. Urban Land Institute Carolinas Regional Meeting January 23-24, 2014 Certified Public Accountants and Advisors Copyright 2013 Dixon Hughes Goodman LLP All

More information

ECONOMIC AND FINANCIAL HIGHLIGHTS

ECONOMIC AND FINANCIAL HIGHLIGHTS ECONOMIC AND FINANCIAL HIGHLIGHTS LABOR MARKET Contributions to Change in Nonfarm Payrolls 2 Unemployment and Labor Force Participation Rate 3 MANUFACTURING ISM Manufacturing Index 4 CONSUMERS Light Vehicle

More information

F I S C A L & E C O N O M I C U P D A T E

F I S C A L & E C O N O M I C U P D A T E W A S H I N G T O N C O U N T Y, M A R Y L A N D S E P T E M B E R 2 1 5 F I S C A L & E C O N O M I C U P D A T E M A J O R E C O N O M I C T R E N D S Inside this Report: Employment Data 1 The following

More information

National and Virginia Economic Outlook

National and Virginia Economic Outlook National and Virginia Economic Outlook Association of Electric Cooperatives September 29, 215 Sonya Ravindranath Waddell Regional Economist Research Department The views and opinions expressed herein are

More information

Emerging Trends in the U.S. and Colorado Economies

Emerging Trends in the U.S. and Colorado Economies Emerging Trends in the U.S. and Colorado Economies Sam Chapman Associate Economist Federal Reserve Bank of Kansas City Denver Branch The views expressed are those of the presenter and do not necessarily

More information

Uinta Basin Energy Summit Economic Overview September 10, 2015

Uinta Basin Energy Summit Economic Overview September 10, 2015 Uinta Basin Energy Summit Economic Overview September 10, 2015 Overview National Economic Conditions Utah Economic Conditions Utah is One of the Fastest Growing CA States in the Country Percent Change

More information

We only need a few things for recovery

We only need a few things for recovery US U.S. and dcolorado Economic Conditions Mark C. Snead Vice President and Branch Executive Federal Reserve Bank of Kansas City Denver Branch 1 We only need a few things for recovery Moderate growth in

More information

ECONOMIC & REVENUE UPDATE

ECONOMIC & REVENUE UPDATE January 11, 2018 Summary summary The U.S. labor market gained 148,000 net new jobs in December. U.S. housing starts in November 2017 were 12.9% above their year-ago level. Consumer confidence declined

More information

Center for Business and Economic Research Dixon Hughes Goodman Triad Business (October 2014)

Center for Business and Economic Research Dixon Hughes Goodman Triad Business (October 2014) Center for Business and Economic Research Dixon Hughes Goodman Triad Business (October 2014) The is developed and maintained by: Dr. G. Donald Jud, Center for Bus. & Eco. Res., Bryan School of Bus. & Eco.,

More information

Analysis & Background

Analysis & Background 1 Values shown are June estimates. # # # Analysis & Background Expected Revisions to Colorado Second quarter 2017 Quarterly Census of Employment and Wages (QCEW) results indicate Colorado total nonfarm

More information

MICHIANA BUSINESS. The Bureau of Business and Economic Research Presents: Page 1

MICHIANA BUSINESS. The Bureau of Business and Economic Research Presents: Page 1 The Bureau of Business and Economic Research Presents: MICHIANA BUSINESS 1 st Quarter 2017 Judd Leighton School of Business & Economics Indiana University South Bend Page 1 INSIDE THIS ISSUE Introduction

More information

Economic Slowdown Ahead

Economic Slowdown Ahead Economic Slowdown Ahead NAHB Meeting of the Members February 20, 2019 Robert Dietz, Ph.D. NAHB Chief Economist GDP Growth Economic slowdown approaching 10% 8% 6% Q/Q Percent Change, SAAR Annual Growth

More information

The Outlook for Employment and Unemployment

The Outlook for Employment and Unemployment The Outlook for Employment and Unemployment Rob Valletta* Federal Reserve Bank of San Francisco *The views expressed are solely my own and are in no way attributable to the Federal Reserve Bank of San

More information

VIRGINIA BUSINESS INDICATORS. 2nd Quarter 2018 ECONOMIC INFORMATION & ANALYTICS. Volume 3, Number 2

VIRGINIA BUSINESS INDICATORS. 2nd Quarter 2018 ECONOMIC INFORMATION & ANALYTICS. Volume 3, Number 2 ECONOMIC INFORMATION & ANALYTICS Volume 3, Number 2 VIRGINIA Virginia Employment Commission BUSINESS INDICATORS A Publication of the Virginia Employment Commission Virginia Business Indicators (Millions

More information

U.S. & Missouri Economic Outlook

U.S. & Missouri Economic Outlook U.S. & Missouri Economic Outlook Missouri Government Finance Officers Association Jason Brown Economist The views expressed are those of the presenter and do not necessarily reflect the positions of the

More information

Decline in Economic Activity Larger Than Advance GDP Estimate February 27, 2009

Decline in Economic Activity Larger Than Advance GDP Estimate February 27, 2009 Northern Trust Global Economic Research 5 South LaSalle Chicago, Illinois 663 northerntrust.com Asha G. Bangalore agb3@ntrs.com Decline in Economic Activity Larger Than Advance GDP Estimate February 27,

More information

Pendleton County Labor Market Summary Update November 2006

Pendleton County Labor Market Summary Update November 2006 1 Labor Market Summary Update November 26 Copyright 26 WVU Research Corporation College of Business and Economics West Virginia University www.bber.wvu.edu by George W. Hammond, Ph.D. Anthony Gregory This

More information