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

Size: px
Start display at page:

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

Transcription

1 // 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 % Change in GDP* 98-Q3 99-Q -Q 9-Q *in 99 or 9 Chained Dollars Quarters After Trough Sources: Bureau of Economic Analysis, GMU Center for Regional Analysis GMU Center for Regional Analysis

2 // Contributions to Post Recession Recoveries Average Growth After Quarters Avg % Chg 6. GDP Personal Consumption Residential Investment Exports Source: Bureau of Economic Analysis Q3 99-Q -Q 9-Q Recession.% Increasing Role of Exports % of GDP Quarters Post-Recession 3.%.%.%.% Percent of GDP.% 8.% 6.%.% 9.3% 8.9% 6.%.8% 7.% 98-Q3 99-Q -Q 9-Q.%.% Quarters After Start of Recession Source: Bureau of Economic Analysis GMU Center for Regional Analysis

3 // reasing Role of Residential Investment % of GDP Quarters Post-Recession 7.% Percent of GDP 6.%.%.% 3.%.%.%.%.%.8%.8% 3.%.3% 3.% 3.%.7% Quarters After Start of Recession 98-Q3 99-Q -Q 9-Q Source: Bureau of Economic Analysis U.S. Leading Index Month-Over-Year Percent Change Jan Jan Jan Jan Jan Jan Jan Jan Jan Source: The Conference Board, GMU Center for Regional Analysis GMU Center for Regional Analysis 3

4 // Jan Jan U.S. Coincident Index Month-Over-Year Percent Change Jan Jan Jan Jan Jan Jan Jan Source: The Conference Board, GMU Center for Regional Analysis ISM Manufacturing and Non-Manufacturing Indices Mfg N-Mfg Source: Institute for Supply Management GMU Center for Regional Analysis

5 // (s) Annual Change in Payroll Jobs US Month-Over-Year Nov = +.8M (s) 7 US Payroll Job Change Month-to-Month 3 Nov = Source: Bureau of Labor Statistics (Seasonally Adjusted), GMU Center for Regional Analysis GMU Center for Regional Analysis

6 // U.S. Payroll Job Change by Sector Nov 3 Nov Ranked by Size in Educ & Health Svcs State & Local Govt Prof. & Bus. Svcs Retail Trade Leisure & Hosp. Manufacturing Financial Construction Wlse Trade Other Services Transp. & Util. Federal Govt. Information (s) Total =, Source: Bureau of Labor Statistics (Seasonally Adjusted), GMU Center for Regional Analysis U.S. Payroll Job Change by Sector Oct Nov Ranked by Size in Educ & Health Svcs State & Local Govt Prof. & Bus. Svcs Retail Trade Leisure & Hosp. Manufacturing Financial Construction Wlse Trade Other Services Transp. & Util. Federal Govt. Information (s) Total = Source: Bureau of Labor Statistics (Seasonally Adjusted), GMU Center for Regional Analysis GMU Center for Regional Analysis 6

7 // (s) Initial Claims for Unemployment -Week Moving Average 7 98 Source: Department of Labor (s) Initial Claims for Unemployment -Present -Week Moving Average Source: Department of Labor GMU Center for Regional Analysis 7

8 // U.S. Unemployment Rate % Nov =.8 IHS FCST Source: Bureau of Labor Statistics (Seasonally Adjusted), IHS Economics ember, $/barrel Oil Prices $ per barrel Forecast > > > > > > > Source: IHS Economics ember, GMU Center for Regional Analysis 8

9 // Consumer Confidence 8 6 Expectations Current Situation Nov-9 Nov- Nov- Nov- Nov-3 Nov- Source: The Conference Board, GMU Center for Regional Analysis 3 - % Consumer Prices - 9 Forecast > > > > > Source: Bureau of Labor Statistics, IHS Economics ember, GMU Center for Regional Analysis 9

10 // Interest Rates Forecast > > > > Yr -Yr Treas Fed Source: IHS Economics ember, U.S. New and Existing Home Sales (s) 6,,,,, 3, 3,,, Existing (Left Axis) New (Right Axis) (s) Source: National Association of Home Builders (New), National Association of Realtors (Existing) GMU Center for Regional Analysis

11 // % 6 Growth in Total Consumption Outlays Forecast > > > > > Source: Bureau of Economic Analysis, IHS Economics ember, U.S. Economic Performance % Forecast > > > > GDP Residential Fixed Non-Res: Structures State & Local Federal Bus. Inv.-Eq & Sfwr Source: Bureau of Economic Analysis, IHS Economics ember, GMU Center for Regional Analysis

12 // % 6 U.S. Gross Domestic Product Quarterly Change: 7 Forecast Source: Bureau of Economic Analysis, IHS Economics ember, Annual Change in US Employed Workers* (s) 6 Nov = +.9 M *employed workers include full-time, part-time, self-employed and contract workers Source: Bureau of Labor Statistics (Not Seasonally Adjusted) GMU Center for Regional Analysis

13 // U.S. Coincident and Leading Indices Oct 8 Oct... RECESSION C.I L.I Nov-8 Nov-9 Nov- Nov- Nov- Nov-3 Nov- Source: The Conference Board The Washington Economy GMU Center for Regional Analysis 3

14 // Washington MSA Leading Economic Index.% Month-Over-Year Percent Change.%.% -.% -.% -Month Moving Average -.% Source: GMU Center for Regional Analysis Washington MSA Coincident Economic Index.% Month-Over-Year Percent Change.%.% -.% -.% -Month Moving Average -.% Source: GMU Center for Regional Analysis GMU Center for Regional Analysis

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

16 // (s) 8 Annual Job Change MOTYC Suburban Maryland (s) 8 Annual Job Change MOTYC Northern Virginia GMU Center for Regional Analysis 6

17 // (s) Largest Job Markets Job Change: Nov 3 Nov Washington +8,9.%.% Largest Job Markets Job Change: Nov 3 Nov Washington +.6% 3.%.%.%.% -.% GMU Center for Regional Analysis 7

18 // Annual Job Change Washington MSA, - Annual Data (s) Annual Month over Year 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 Nov 3 Nov Washington MSA (s) Total = 8,9 3 3 (.) (.) GMU Center for Regional Analysis 8

19 // 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 Oct Nov Washington MSA - - (s) Total = 8,6 3 (.) (.) Professional & Business Services Washington MSA (s) Annual Data Annual Month over Year Sep Jun Mar Sep Jun Mar Sep Jun Mar Sep Jun Mar Sep Jun Mar Sep Jun Mar 8 Nov- Total: 78. GMU Center for Regional Analysis 9

20 // Federal Government Washington MSA (s) Annual Data Annual Month over Year Sep Jun Mar Sep Jun Mar Sep Jun Mar Sep Jun Mar Sep Jun Mar Sep Jun Mar 8 Nov- Total: 36.7 (s) Annual Data Annual Job Change District of Columbia, - 8 Annual Month over Year 3 GMU Center for Regional Analysis

21 // 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 Nov 3 Nov District of Columbia - (s) Total,6 3 (.) (.) 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 Oct Nov District of Columbia - - (s) Total, (.) (.) GMU Center for Regional Analysis

22 // (s) Annual Data Annual Job Change Suburban Maryland, - 8 Annual Month over Year 3 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 Nov 3 Nov Suburban Maryland (s) Total,3 3 3 (.) (.) GMU Center for Regional Analysis

23 // 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 Oct Nov Suburban Maryland - (s) Total 3,8 3 (.) (.) (s) Annual Data Annual Job Change Northern Virginia, - Annual Month over Year 3 GMU Center for Regional Analysis 3

24 // 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 Nov 3 Nov Northern Virginia (s) Total 6, 3 (.) (.) 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 Oct Nov Northern Virginia - (s) Total 3,6 3 (.) (.) GMU Center for Regional Analysis

25 // Unemployment Rates in the WMSA By Sub-State Area, DC.8 U.S..7 SMD. MSA NVA Source: Bureau of Labor Statistics (Region - Not Seasonally Adjusted, US Seasonally Adjusted) 8. % Largest Job Markets Ranked by Unemployment Rate Nov. US.8 Source: Bureau of Labor Statistics (Region - Not Seasonally Adjusted, US Seasonally Adjusted) GMU Center for Regional Analysis

26 // (s) Metro Washington Annual Change in Employed Residents Month-Over-Year Annual Change Residents Employed Washington MSA (s) Annual Data Annual Month over Year 9 3 GMU Center for Regional Analysis 6

27 // WMSA Payroll Job Change: Private Sector The Great Recession and Recovery Prof. & Bus. Svcs Educ & Health Svcs Retail Trade Leisure & Hosp. Construction Other Services Financial Information Manufacturing Wlse Trade Transp. & Util. Aug 8-Feb Feb -Nov (s) Total -78 Total (s) Largest Job Markets Job Change: 8 6 Washington +39, GMU Center for Regional Analysis 7

28 // (s) Largest Job Markets Job Change: Washington + 3,3 Housing Market Trends GMU Center for Regional Analysis 8

29 // Percent Change in Inventories of Existing Homes Month-Over-Year, MSA Nov = +7.6% Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis. Total monthly inventory includes listings active at the end of the month plus sales during the month., Existing Home Sales Washington MSA Through Nov,, 8, -Month Moving Average 6,,, Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis GMU Center for Regional Analysis 9

30 // Total Listings Per Sale Nov Each Year PW PG - LDN ARL DC MONT FFX Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis (s) 3 3 Median House Sales Price Washington MSA $37.3K Nov Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis GMU Center for Regional Analysis 3

31 // % 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 % 3 - 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 3

32 // % Average Sales Price Percent Change Suburban Maryland All Housing Types Annual Change Annual Change by Month Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis % 3 - 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 3

33 // Average Sales Price Percent Change Metro Area Single Family Detached % Annual Change Annual Change by Month Apr Aug Apr Aug Apr Aug Apr Aug Apr Aug Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis Nov % : DC = -. SM = -.6, NV = +. % Average Sales Price Percent Change Metro Area Single Family Attached Annual Change Annual Change by Month Apr Aug Apr Aug Apr Aug Apr Aug Apr Aug Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis Nov % : DC = +., SM = +.9, NV = +.7 GMU Center for Regional Analysis 33

34 // Average Sales Price Percent Change Metro Area Condos % 3 - Annual Change Annual Change by Month Apr Aug Apr Aug Apr Aug Apr Aug Apr Aug Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis Nov % : DC = +6., SM = -., NV = -.,, 3, 3,,,,, Washington MSA Building Permits, 3-Month Mvg Avg Source: Census Bureau, GMU Center for Regional Analysis GMU Center for Regional Analysis 3

35 // Total Active Listings Per Sale Nov Each Year Metro Area 8 6 Source: Metropolitan Regional Information Systems (MRIS), GMU Center for Regional Analysis % Economic Outlook (GRP), -8 Washington Area and Sub-State Areas (Annual % Change) NV MSA SM DC Source: GMU Center for Regional Analysis, Forecast: October GMU Center for Regional Analysis 3

36 // Employment Change in the WMSA by Sub-State Area (s) D.C Sub. MD No. VA REGION Source: BLS, IHS Economics, GMU Center for Regional Analysis NOTE: The regional totals include Jefferson, WV. Average Annual Change 99- = 3,8 % 8 U.S. GDP and Washington Area GRP 8 6 U.S. - Washington Source: IHS Economics, GMU Center for Regional Analysis, Forecast: October GMU Center for Regional Analysis 36

37 // Thank You Questions cra.gmu.edu GMU Center for Regional Analysis 37

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 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

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. 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

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

The US and Northern Virginia Economy Trends and Outlook

The US and Northern Virginia Economy Trends and Outlook 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

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

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 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

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

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

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

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

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

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

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

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

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 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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Nonfarm Payroll Employment

Nonfarm Payroll Employment PRESIDENT'S REPORT TO THE BOARD OF DIRECTORS, FEDERAL RESERVE BANK OF BOSTON Current Economic Developments - June 10, 2004 Data released since your last Directors' meeting show the economy continues to

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

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

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

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

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

Robert D. Cruz, PhD, Chief Economist Miami-Dade County 305-375-1879 cruzr1@miamidade.gov www.miamidade.gov/economicdevelopment Department of Regulatory and Economic Resources Page 1 Local economic indicators

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

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

The President s Report to the Board of Directors

The President s Report to the Board of Directors The President s Report to the Board of Directors April 4, 214 Current Economic Developments - April 4, 214 Data released since your last Directors' meeting show the economy was a bit stronger in the fourth

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

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

A View from the Fed: Slouching toward 2016

A View from the Fed: Slouching toward 2016 A View from the Fed: Slouching toward 2016 28 th Annual Economic Outlook Conference, University of Alabama Culverhouse College of Commerce Montgomery, AL January 14, 2016 The views expressed are those

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

The Stimulus Didn t Work An Overlooked Fact that Needs Mention September 18, 2009

The Stimulus Didn t Work An Overlooked Fact that Needs Mention September 18, 2009 Northern Trust Global Economic Research 0 South LaSalle Chicago, Illinois northerntrust.com Asha G. Bangalore agb@ntrs.com The Stimulus Didn t Work An Overlooked Fact that Needs Mention September 18, 9

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

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

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

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

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 Overview of the Federal Reserve System The Fed consists of three main

More information

Economic Indicators December 2017

Economic Indicators December 2017 Economic Indicators December 2017 General Economy GDP % Change U.S. GDP Growth First two consecutive quarters over 3% in 3 years 6.0% 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% Last 3 quarters: 3Q17: 3.2% 2Q17:

More information

Revised October 17, 2016

Revised October 17, 2016 Revised October 17, 2016 60 ISM Manufacturing Purchasing Managers Index (September 2015 September 2016) 58 56 54 52 50 48 46 44 42 Sept-15 Oct Nov Dec Jan-16 Feb Mar Apr May Jun Jul Aug Sept Purchasing

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

XML Publisher Balance Sheet Vision Operations (USA) Feb-02

XML Publisher Balance Sheet Vision Operations (USA) Feb-02 Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786

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

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

City of El Segundo Office of the City Treasurer

City of El Segundo Office of the City Treasurer City of El Segundo Office of the City Treasurer Date: September 15, 2015 From: Office of the City Treasurer To: El Segundo City Council RE: Investment Portfolio Report As of June 30, 2015 Introduction:

More information

The U.S. Economic Outlook

The U.S. Economic Outlook The U.S. Economic Outlook Gering/Scottsbluff Economic Forum August 23, 216 George A. Kahn Vice President and Economist The views expressed are those of the author and do not necessarily reflect the opinions

More information

There has been considerable discussion of the possibility

There has been considerable discussion of the possibility NationalEconomicTrends February Housing and the R Word There has been considerable discussion of the possibility that ongoing troubles in the housing market could push the economy into recession 1 But

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

The Federal Reserve has set the target range for the federal

The Federal Reserve has set the target range for the federal NationalEconomicTrends October Monetary Policy Stance: The View from Consumption Spending The Federal Reserve has set the target range for the federal funds at to 5 percent and intends to keep this near

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

December Employment Report: Further Deterioration of Labor Market Conditions January 9, 2009

December Employment Report: Further Deterioration of Labor Market Conditions January 9, 2009 Northern Trust Global Economic Research 50 South LaSalle Chicago, Illinois 60603 northerntrust.com Asha G. Bangalore agb3@ntrs.com December Employment Report: Further Deterioration of Labor Market Conditions

More information

BUENA VISTA INVESTMENT MANAGEMENT

BUENA VISTA INVESTMENT MANAGEMENT BUENA VISTA INVESTMENT MANAGEMENT FOURTH QUARTER 2015 FINANCIAL MARKET REVIEW Buena Vista Investment Management LLC P.O. Box 1206 241 3 rd Street South Wisconsin Rapids, WI 54495-1206 715-422-0700 buenavistainv@buenavistainv.com

More information

2018 Texas Economic Outlook: Firing on All Cylinders

2018 Texas Economic Outlook: Firing on All Cylinders 218 Texas Economic Outlook: Firing on All Cylinders Keith Phillips Assistant Vice President and Senior Economist 4/5/218 The views expressed in this presentation are strictly those of the presenter and

More information

With the tax filing season in full swing, these summary

With the tax filing season in full swing, these summary NationalEconomicTrends March Income Taxes: Who Pays and How Much? With the tax filing season in full swing, these summary figures may provide some perspective on the issue of who is paying federal individual

More information

VECTRA BANK 23 RD ANNUAL ECONOMIC FORECAST BREAKFAST START SMART IN 2016! Member FDIC VectraBank.com

VECTRA BANK 23 RD ANNUAL ECONOMIC FORECAST BREAKFAST START SMART IN 2016! Member FDIC VectraBank.com VECTRA BANK 23 RD ANNUAL ECONOMIC FORECAST BREAKFAST START SMART IN 2016! Member FDIC VectraBank.com Economic Presentation April 26, 2016 Tatiana Bailey, Ph.D. Director, UCCS Economic Forum A Little Humor

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

R EA L E S TAT E L E N D E RS ASSOCIAT I O N

R EA L E S TAT E L E N D E RS ASSOCIAT I O N R EA L E S TAT E L E N D E RS ASSOCIAT I O N MULTI-FAMILY ROUNDTABLE A P R I L 2 5, 2 0 1 3 Real Estate Lenders Association DC R E A L E S T A T E L E N D E R S A S S O C I A T I O N M U L T I - F A M

More information

June 2018 MLS Statistical Report

June 2018 MLS Statistical Report Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec June 218 MLS Statistical Report Total Sales The Month to Month Unit Sales graph shows that sales have started their seasonal decline. For the year, residential

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

The relatively slow growth of employment has

The relatively slow growth of employment has NationalEconomicTrends August Please go to researchstlouisfedorg/publications/net for important information about your subscription Labor s Share The relatively slow growth of employment has been a prominent

More information

ECONOMIC AND FINANCIAL HIGHLIGHTS

ECONOMIC AND FINANCIAL HIGHLIGHTS ECONOMIC AND FINANCIAL HIGHLIGHTS FEDERAL RESERVE BALANCE SHEET Assets and Liabilities 2-3 REAL ESTATE Construction Spending 4 CoreLogic Home Price Index 5 Mortgage Rates and Applications 6-7 CONSUMER

More information

Sharp declines in home prices, followed by a financial

Sharp declines in home prices, followed by a financial NationalEconomicTrends April Household Retrenchment Sharp declines in home prices, followed by a financial crisis and a steep recession, rattled US households in Economic misfortunes have caused many to

More information

State of the Economy: US, New Mexico

State of the Economy: US, New Mexico University of New Mexico Bureau of Business and Economic Research State of the Economy: US, New Mexico New Mexico Women s Agenda Lobbying Workshop Advocates Working Session on Economic Security and Women

More information

Zions Bank Economic Overview

Zions Bank Economic Overview Zions Bank Economic Overview Utah Institute of Real Estate Management Economic Summit September 12, 2017 National Economic Conditions August Job Indicators Indicator Expectation Actual Total Nonfarm Payrolls

More information