The Washington Area s Post- Federally Dependent Economy

Size: px
Start display at page:

Download "The Washington Area s Post- Federally Dependent Economy"

Transcription

1 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 Regional Analysis George Mason University May 14, 213

2 Federal Spending Patterns In the Washington Area

3 21 Structure of the Greater Washington Economy Non-Local Business 12. % Other Federal 1.7 % Local Serving Activities 34.8% Total Federal 39.8% Fed Wages & Salaries 1.% Procurement 19.1% Source: GMU Center for Regional Analysis

4 $ Billions Federal Procurement in the Washington Metro Area, TOTAL = $1,23.5 Billion $8. B $75.6 B Source: US Census, Consolidated Federal Funds Report

5 Professional & Business Services Washington MSA (s) Annual Data Annual Month over Year Jan Apr Jul Oct Jan Apr Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Tot 212 = 72,3

6 s Federal Employment in the Washington Metro Area, Eisenhower - 5 Kennedy Johnson + 74 Nixon - Ford Carter Reagan Bush 1 Clinton Bush Obama Source: US Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis

7 (s) Annual Data Jan Apr Jul Federal Government Washington MSA Oct Jan Apr Jul Oct Annual Month over Year Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis Tot 212 = 377,4

8 Federal payroll declined by.6% between FY 21 and FY 211 and will continue to decline as the workforce shrinks and older workers retire and are replaced by younger workers. Summary for Federal Spending Trends in the Washington Metropolitan Area, Federal Procurement Outlays declined 8.4% between FY 21 and FY 212. Federal employment has declined since peaking in July 21, losing 8,7 jobs or 2.25%.

9 How Has Reduced Federal Spending Affected The Washington Area Economy?

10 New York Houston Los Angeles Dallas Chicago SF-Oakland Miami Atlanta Phoenix Detroit Seattle Boston WASHINGTON Minneapolis Philadelphia Metro Area Comparisons Job Change Largest Metro Areas (s) Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis

11 (s) Largest Job Markets Job Change: Mar 212 Mar 213 Washington + 36, Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis

12 (s) Annual Job Change Washington MSA, Annual Data 28 Annual Month over Year Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis

13 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 Mar 212 Mar 213 Washington MSA (s) Total = 36, Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis

14 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 Feb 213 Mar 213 Washington MSA (s) Total = 23, Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis 5 7

15 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 Mar 212 Mar 213 District of Columbia (s) Total 2, Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis 5

16 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 Mar 212 Mar 213 Suburban Maryland -1 (s) Total 11, Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis 5 5

17 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 Mar 212 Mar 213 Northern Virginia (s) Total 17, Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis 8

18 12 Unemployment Rates in the WMSA By Sub-State Area, DC 7.6 U.S. 6.4 SMD 5.2 MSA 4. - NVA 2 Source: Bureau of Labor Statistics (Region - Not Seasonally Adjusted, US Seasonally Adjusted)

19 Washington Area Economic Outlook:

20 Job Growth in the Washington Area By Sector, (in thousands) Sector Change Percent Prof. & Bus. Ser Federal Gov t Education/Health S & L Gov t Hospitality Retail Trade Other Services Financial Services Construction Information Ser Other Sectors (3) Total Jobs 3,33.4 3,

21 Major Sources of Job Growth in the Washington Area, (in thousands) Growth Sectors Change Percent Prof. & Bus. Ser Education/Health Construction Sub-Totals 1,224. 1, % Total Totals 3,33.4 3, Sources: IHS Global Insight; GMU Center for Regional Analysis

22 Washington Metropolitan Area: Major Sources of Net New Jobs Occupation Net New % of Total % Change Business and Financial 52, Computer, Math and Sci 33, Health Care (all occup.) 31, Office Admin Support 3, Sales & Related Occup. 29, Personal Care Occup. 23, Management Occupations 22, Education & Training 21, Totals 224, Source: EMSI Inc., GMU Center for Regional Analysis

23 Employment Change in the WMSA by Sub-State Area (s) D.C Sub. MD No. VA REGION Average Annual Change = 36, Source: BLS, IHS Global Insight Jan , GMU Center for Regional Analysis NOTE: 212 Total is the sum of sub-regions and does not agree with the Mar 18, 213 published MSA total.

24 % Economic Outlook (GRP), Washington Area and Sub-State Areas (Annual % Change) NV MSA SM DC Source: GMU Center for Regional Analysis

25 217 Structure of the Greater Washington Economy Non-Local Business 16.2 % Other Federal 9.7 % Fed Wages & Salaries 7.5 % Total Federal 29.2% Procurement 12.% Local Serving Activities 37.8% Source: GMU Center for Regional Analysis

26 Thank You Questions cra.gmu.edu

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

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 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

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

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

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

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

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

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

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 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

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 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

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

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 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

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 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

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

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

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

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

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

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 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

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

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 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

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 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

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

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

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

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

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 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

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

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

What Does Amazon s HQ2 Mean for the Washington Region? November 13, 2018

What Does Amazon s HQ2 Mean for the Washington Region? November 13, 2018 About the Stephen S. Fuller Institute The Stephen S. Fuller Institute is the premier source for information and analysis of Greater Washington s regional economy. Through consistent monitoring of regional

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

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

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

COMMERCIAL REAL ESTATE PRICES MIXED: GENERAL COMMERCIAL SECTOR GAINS MOMENTUM WHILE INVESTMENT GRADE SEES SEASONAL DIP

COMMERCIAL REAL ESTATE PRICES MIXED: GENERAL COMMERCIAL SECTOR GAINS MOMENTUM WHILE INVESTMENT GRADE SEES SEASONAL DIP APRIL 2012 CCRSI RELEASE (With data through February 2012) COMMERCIAL REAL ESTATE PRICES MIXED: GENERAL COMMERCIAL SECTOR GAINS MOMENTUM WHILE INVESTMENT GRADE SEES SEASONAL DIP SLOW BUT STABLE PRICING

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

Road Map for the Future

Road Map for the Future The Rockville Summit Road Map for the Future The City of Rockville, Maryland Current Economic Conditions And Future Directions Stephen S. Fuller, PhD The Dwight Schar Faculty Chair and University Professor

More information

ZipRealty, Inc. Supplemental Data Reclassification of Consolidated Statement of Operations

ZipRealty, Inc. Supplemental Data Reclassification of Consolidated Statement of Operations Reclassification of Consolidated Statement of Operations Effective January 1, 2007, for income statement presentation purposes, we have reclassified sales support and marketing expenses from general and

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

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

Addendum to: The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis

Addendum to: The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis Addendum to: The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis Relevant Figures Recalculated to Include CRA Bank Affiliate Lending January 14, 2008 Prepared by: Attorneys at Law

More information

Workforce Development in the Commonwealth of Virginia

Workforce Development in the Commonwealth of Virginia Workforce Development in the Commonwealth of Virginia One of the largest, if not #1, challenges of the next ten years will be assuring a sufficient supply of qualified workers to fill the available jobs

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

US Hotel Industry Overview. Chris Crenshaw

US Hotel Industry Overview. Chris Crenshaw US Hotel Industry Overview Chris Crenshaw ccrenshaw@str.com July 2014 (12 MMA): All Signs Point To A Sellers Market % Change Room Supply* 1.8 bn 0.8% Room Demand* 1.1 bn 3.4% Occupancy 63 % 2.6% A.D.R.*

More information

Addendum to: The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis

Addendum to: The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis Addendum to: The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis Relevant Figures Recalculated to Include CRA Bank Affiliate Lending January 14, 2008 Authored by: WARREN W. TRAIGER

More information

U.S. and New England Economic Conditions and Outlook

U.S. and New England Economic Conditions and Outlook U.S. and New England Economic Conditions and Outlook Yolanda Kodrzycki Senior Economist and Policy Advisor charts prepared by Ana Patricia Muñoz presented to New England Board of Higher Education conference

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

Transmission of material in this release is embargoed until 8:30 a.m. (EDT) Wednesday, October 31, 2012

Transmission of material in this release is embargoed until 8:30 a.m. (EDT) Wednesday, October 31, 2012 Transmission of material in this release is embargoed until 8:30 a.m. (EDT) Wednesday, October 31, USDL-12-2162 Technical information: Media contact: (202) 691-6199 NCSinfo@bls.gov www.bls.gov/ect (202)

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

Metropolitan Area Statistics (4Q 2012)

Metropolitan Area Statistics (4Q 2012) Metropolitan Area Statistics (4Q 2012) Apartment Completions 4Q 2011 4Q 2012 % Chg. Atlanta 490 288-41% Boston 678 995 47% Chicago 506 711 41% Cleveland 4 13 225% Columbus 255 322 26% Dallas-Ft. Worth

More information

NEW ENGLAND ECONOMIC OUTLOOK

NEW ENGLAND ECONOMIC OUTLOOK NEW ENGLAND ECONOMIC OUTLOOK Lincoln Institute of Land Policy Economic Perspectives on State and Local Taxes May 11, 2018 Mary A. Burke Senior Economist New England Public Policy Center Federal Reserve

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

Working Without a Job: Trends in Non-Employer Establishments

Working Without a Job: Trends in Non-Employer Establishments Working Without a Job: Trends in Non-Employer Establishments Ellen Harpel, PhD President Business Development Advisors Jeannette Chapman Deputy Director and Senior Research Associate The Stephen S. Fuller

More information

2014 U.S. Census (2015) Median African-American Household Income Rank, Memphis Included. Household Median Income Ranking, African American Population

2014 U.S. Census (2015) Median African-American Household Income Rank, Memphis Included. Household Median Income Ranking, African American Population 2015 2015 Rankings Report Prepared by Elena Delavega, PhD, MSW Department of Social Work Benjamin L. Hooks Institute for Social Change University of Memphis 2014 U.S. Census (2015) - Rank, Memphis Included

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

S&P CORELOGIC CASE-SHILLER NATIONAL HOME PRICE NSA INDEX CONTINUES STEADY GAINS IN OCTOBER

S&P CORELOGIC CASE-SHILLER NATIONAL HOME PRICE NSA INDEX CONTINUES STEADY GAINS IN OCTOBER S&P CORELOGIC CASE-SHILLER NATIONAL HOME PRICE NSA INDEX CONTINUES STEADY GAINS IN OCTOBER NEW YORK, DECEMBER 26, 2017 S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller

More information

CCRSI RELEASE APRIL 2014 (With data through FEBRUARY 2014)

CCRSI RELEASE APRIL 2014 (With data through FEBRUARY 2014) CCRSI RELEASE APRIL 2014 (With data through FEBRUARY 2014) PRICE MOMENTUM FOR COMMERCIAL REAL ESTATE CONTINUED TO BUILD IN FEBRUARY REFLECTING BROAD RECOVERY IN MARKET FUNDAMENTALS AND PRICING, EQUAL-WEIGHTED

More information

HIGH AND WIDE: INCOME INEQUALITY GAP IN THE DISTRICT ONE OF BIGGEST IN THE U.S. By Wes Rivers

HIGH AND WIDE: INCOME INEQUALITY GAP IN THE DISTRICT ONE OF BIGGEST IN THE U.S. By Wes Rivers An Affiliate of the Center on Budget and Policy Priorities 820 First Street NE, Suite 510 Washington, DC 20002 (202) 408-1080 Fax (202) 325-8839 www.dcfpi.org March 13, 2014 HIGH AND WIDE: INCOME INEQUALITY

More information

The Great Recession. Recovery: Uneven, But Gaining Steam! 2/15/11. Jon Haveman Owner, Compass Economics SPUR January 25, 2010

The Great Recession. Recovery: Uneven, But Gaining Steam! 2/15/11. Jon Haveman Owner, Compass Economics SPUR January 25, 2010 Recovery: Uneven, But Gaining Steam! Jon Haveman Owner, Compass Economics SPUR January 25, 21 The Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment GDP Growth (SAAR) to Q3-1 8 6 4 2

More information

S&P CORELOGIC CASE-SHILLER NATIONAL INDEX SETS 30-MONTH ANNUAL RETURN HIGH

S&P CORELOGIC CASE-SHILLER NATIONAL INDEX SETS 30-MONTH ANNUAL RETURN HIGH S&P CORELOGIC CASE-SHILLER NATIONAL INDEX SETS 30-MONTH ANNUAL RETURN HIGH NEW YORK, FEBRUARY 28, 2017 S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices,

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

The Economic Backdrop When will this cycle end?

The Economic Backdrop When will this cycle end? The Economic Backdrop When will this cycle end? How far are we into the current economic expansion? Current expansion in 8 th year; 4 th longest since 1960 Length of economic expansions (months) Apr-91-Feb-01

More information

LAS VEGAS LEADS PRICE GAINS IN JUNE ACCORDING TO S&P CORELOGIC CASE-SHILLER INDEX

LAS VEGAS LEADS PRICE GAINS IN JUNE ACCORDING TO S&P CORELOGIC CASE-SHILLER INDEX LAS VEGAS LEADS PRICE GAINS IN JUNE ACCORDING TO S&P CORELOGIC CASE-SHILLER INDEX NEW YORK, AUGUST 28, 2018 S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices,

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

The Housing Market and the Macroeconomy. Karl E. Case. University of North Carolina February 18, 2010

The Housing Market and the Macroeconomy. Karl E. Case. University of North Carolina February 18, 2010 The Housing Market and the Macroeconomy Karl E. Case University of North Carolina February 18, 2010 Briefly describe some of the connections between the housing market and the Macroeconomy Discuss how

More information

THREE DISPARATE CHICAGO-AREA HOUSING MARKETS

THREE DISPARATE CHICAGO-AREA HOUSING MARKETS Manufactured Housing Community Council ULI 2008 FALL MEETING MIAMI, FLA OCTOBER 27-28, 2008 Understanding Demographics/Market Analysis: THREE DISPARATE CHICAGO-AREA HOUSING MARKETS Three Disparate Chicago-area

More information

SEPTEMBER S&P CORELOGIC CASE-SHILLER NATIONAL HOME PRICE NSA INDEX UP 6.2% IN LAST 12 MONTHS

SEPTEMBER S&P CORELOGIC CASE-SHILLER NATIONAL HOME PRICE NSA INDEX UP 6.2% IN LAST 12 MONTHS SEPTEMBER S&P CORELOGIC CASE-SHILLER NATIONAL HOME PRICE NSA INDEX UP 6.2% IN LAST 12 MONTHS NEW YORK, NOVEMBER 28, 2017 S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller

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

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

Office of the Chief Economist National Credit Union Administration. Economic Overview. California State Examiner School.

Office of the Chief Economist National Credit Union Administration. Economic Overview. California State Examiner School. Office of the Chief Economist National Credit Union Administration California State Examiner School May 30, 2017 Credit Union Performance Trends Recent Data About Credit Union Performance in California,

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

Metro Washington, DC State of the Market

Metro Washington, DC State of the Market Metro Washington, DC State of the Market Q1 2016 U.S. office clock San Francisco Peninsula Silicon Valley Houston Dallas, San Francisco Austin Nashville Peaking phase Falling phase Denver, Minneapolis,

More information

THE NATIONAL ECONOMY

THE NATIONAL ECONOMY THE NATIONAL ECONOMY THE NATIONAL ECONOMY Source: National Association of Realtors, Delta Associates; October 2015. THE REGIONAL ECONOMY PAYROLL JOB GROWTH Selected Large Metro Areas 12 Months Ending July

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

Grant County Labor Market Summary Update November 2006

Grant County Labor Market Summary Update November 2006 County 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

More information

Washington, DC Metro Region 2014

Washington, DC Metro Region 2014 Washington, DC Metro Region 2014 Washington, DC Metro Region 2014 John Benziger Regional Managing Principal I Cassidy Turley Overview of Program Agenda Company Update Washington Market Overview Capital

More information

3/25/2008 EMPLOYMENT TRENDS IN ILLINOIS. Nonfarm Employment Change in Nonfarm Employment by Decade

3/25/2008 EMPLOYMENT TRENDS IN ILLINOIS. Nonfarm Employment Change in Nonfarm Employment by Decade Voices for Illinois Children Symposium, March 28, 28 Paul Kleppner, Ph.D. Office for Social Policy Research Northern Illinois University EMPLOYMENT TRENDS IN ILLINOIS 7 Nonfarm Employment 195-27 6 ployees

More information

The Mortgage and Housing Market Outlook

The Mortgage and Housing Market Outlook The Mortgage and Housing Market Outlook National Economists Club Washington, DC March 27, 2008 Frank E. Nothaft Chief Economist Recession Risk, Housing Contraction Worsen 1-in-2 chance of recession in

More information

Monthly Illinois Economic Review. Employment. May 2006 Positive. Talking Points REGIONAL ECONOMICS APPLICATIONS LABORATORY. Growth. Growth.

Monthly Illinois Economic Review. Employment. May 2006 Positive. Talking Points REGIONAL ECONOMICS APPLICATIONS LABORATORY. Growth. Growth. Employment May 2006 Positive Mar 2006 Apr 2006 Growth Number of Last 12 months Growth Number of Jobs Total non-farm employment Rate % Jobs Rate % Nation +0.10 +138,000 +1.48 +1,964,000 RMW +0.23 +46,100

More information

COMMERCIAL REAL ESTATE PRICING LEAPS FORWARD IN AUGUST BOOSTED BY STRONG NET ABSORPTION IN FIRST HALF OF YEAR

COMMERCIAL REAL ESTATE PRICING LEAPS FORWARD IN AUGUST BOOSTED BY STRONG NET ABSORPTION IN FIRST HALF OF YEAR CCRSI RELEASE OCTOBER 2012 (With data through AUGUST 2012) COMMERCIAL REAL ESTATE PRICING LEAPS FORWARD IN AUGUST BOOSTED BY STRONG NET ABSORPTION IN FIRST HALF OF YEAR CCRSI INDICES POST STRONGEST GAINS

More information

AFP of Central Oklahoma. April 21, Megan Williams

AFP of Central Oklahoma. April 21, Megan Williams AFP of Central Oklahoma April 21, 216 Megan Williams Associate Economist and Manager, Oklahoma City Branch Federal Reserve Bank of Kansas City www.kansascityfed.org/oklahomacity Structure and Functions

More information

CITIES IN THE WEST: SEATTLE, LAS VEGAS AND SAN FRANCISCO LEAD GAINS IN S&P CORELOGIC CASE-SHILLER HOME PRICE INDICES

CITIES IN THE WEST: SEATTLE, LAS VEGAS AND SAN FRANCISCO LEAD GAINS IN S&P CORELOGIC CASE-SHILLER HOME PRICE INDICES CITIES IN THE WEST: SEATTLE, LAS VEGAS AND SAN FRANCISCO LEAD GAINS IN S&P CORELOGIC CASE-SHILLER HOME PRICE INDICES NEW YORK, JANUARY 30, 2018 S&P Dow Jones Indices today released the latest results for

More information

U.S. Economic and Medical Office Market Overview and Outlook. November, 2014

U.S. Economic and Medical Office Market Overview and Outlook. November, 2014 2014 U.S. Economic and Medical Office Market Overview and Outlook November, 2014 Economic & Demographic Overview U.S. GDP Growth and Health Care Spending Trends GDP Health Care Expenditures Annualized

More information

Planning for the. Thinking Big & Taking The Long View. Jane Hayse Director, Center for Livable Communities Atlanta Regional Commission

Planning for the. Thinking Big & Taking The Long View. Jane Hayse Director, Center for Livable Communities Atlanta Regional Commission Planning for the Atlanta t Region: Thinking Big & Taking The Long View Jane Hayse Director, Center for Livable Communities Atlanta Regional Commission Transportation Access & Mobility Center for Livable

More information

DFW Real Estate FAIRcast. Britt Fair April 1, Fair Texas Title 8201 Preston Road Suite 160 Dallas, TX 75225

DFW Real Estate FAIRcast. Britt Fair April 1, Fair Texas Title 8201 Preston Road Suite 160 Dallas, TX 75225 DFW Real Estate FAIRcast Britt Fair April 1, 2019 Fair Texas Title 8201 Preston Road Suite 160 Dallas, TX 75225 Interest Rate Improvement Rates hit all-time lows in July 2016 but rose through Nov 2018

More information

S&P/Case-Shiller Home Price Indices

S&P/Case-Shiller Home Price Indices Home Prices Off to a Dismal Start in 2011 According to the S&P/Case-Shiller Home Price Indices New York, March 29, 2011 Data through January 2011, released today by Standard & Poor s for its S&P/Case-Shiller

More information

COMMERCIAL REAL ESTATE PRICE RECOVERY ACCELERATES IN MAY

COMMERCIAL REAL ESTATE PRICE RECOVERY ACCELERATES IN MAY CCRSI RELEASE JULY 2013 (With data through May 2013) COMMERCIAL REAL ESTATE PRICE RECOVERY ACCELERATES IN MAY STRONG ABSORPTION ACROSS ALLL SIZE AND QUALITY DIMENSIONS OF REAL ESTATEE SECTOR REFLECTED

More information