The document provides an economic briefing for the City of Maricopa discussing the state of the economy and recovery. It notes that while some indicators like GDP are improving, the overall recovery will be weak with continued job losses and struggling consumers. Arizona has fallen from 2nd to 50th in job growth recently due to financial issues. The recovery in Arizona and Maricopa will be slow and dependent on national economic improvements, but positives include affordable home prices and a skilled local workforce.
Slide presentation from Gary Keith, vice president and regional economist for M & T Bank, who assessed the key economic indicators for 2008 and talked about what’s in store for our region in 2009 at the Greater Syracuse Chamber of Commerce's 2008 Economic Forecast Luncheon.
Columbus MSA employment was up 8,200 (0.8 percent) from March to June, ahead of Ohio’s increase of 0.4 percent and the U.S. increase of 0.6 percent, according to the Q2 economic update report produced by Columbus 2020. Going into the second half of the year, unemployment in the Columbus Region continued to decline at 4.6 percent, compared to June state and national rates of 5.5 and 6.1, respectively.
This is the Boyle County Employment Report for Q3 2010 compiled by the Boyle County Industrial Foundation and released publicly by the Danville/Boyle County Economic Development Partnership.
2010 Real Estate Market Forecast: Jed Smith Real Estate Roundtable PresentationKent Simpson
Real estate market forecast for the rest of 2010 provided by Jed Smith, economist for National Association of REALTORS - presented on the Real Estate RoundTable show on BlogTalkRadio March 5, 2010.
Slide presentation from Gary Keith, vice president and regional economist for M & T Bank, who assessed the key economic indicators for 2008 and talked about what’s in store for our region in 2009 at the Greater Syracuse Chamber of Commerce's 2008 Economic Forecast Luncheon.
Columbus MSA employment was up 8,200 (0.8 percent) from March to June, ahead of Ohio’s increase of 0.4 percent and the U.S. increase of 0.6 percent, according to the Q2 economic update report produced by Columbus 2020. Going into the second half of the year, unemployment in the Columbus Region continued to decline at 4.6 percent, compared to June state and national rates of 5.5 and 6.1, respectively.
This is the Boyle County Employment Report for Q3 2010 compiled by the Boyle County Industrial Foundation and released publicly by the Danville/Boyle County Economic Development Partnership.
2010 Real Estate Market Forecast: Jed Smith Real Estate Roundtable PresentationKent Simpson
Real estate market forecast for the rest of 2010 provided by Jed Smith, economist for National Association of REALTORS - presented on the Real Estate RoundTable show on BlogTalkRadio March 5, 2010.
CannonDesign’s Cost Estimating team offers clients an in-depth understanding of initial construction cost, life cycle cost, schedule and construction delivery strategies to complement the firm’s design talent.
Health of economy is also dependent on the quality of employment being creating in a Country. This presentation looks at job quality in both Canada and USA
With the economy growing at its fastest pace in the current cycle, employers across industries are adding jobs, especially in urban and dense markets where talent is migrating. As a result, expansionary activity remained the dominant driver of leasing in the third quarter, accounting for 57.9 percent of lease transactions.
This is the Fourth Quarter 2011 employment report for Boyle County, Kentucky, compiled from employment data monitored by the Boyle County Industrial Foundation.
In late 2014, oil prices experienced significant declines due to oversaturated supply and a slowdown in global demand. Prices have since stabilized but at depressed levels. Materials prices were projected to drop in correlation with oil, but high demand for most major construction inputs has kept prices up overall.
Low gas prices typically drive an uptick in demand for retail, e-commerce, and industrial real estate. However, shipping costs remain high due to a decline in available labor, negating much of the oil price savings.
In the office market, the development pipeline continues to expand alongside rents, which increased 3.1 percent this quarter. U.S. markets are set to deliver more than 80 million square feet currently under development. Energy-heavy markets such as Houston are exceptions to this trend, as declining demand stifles the need for new space.
Housing and the Economy: Impacts and Forecasts - presented by Dr. Geoffrey J.D. Hewings, Director - Regional Economics Applications Laboratory (REAL), University of Illinois Institute of Government and Public Affairs
Minneapolis–St. Employment Update | March 2016Carolyn Bates
Minneapolis-St. Paul’s unemployment rose to 3.9 percent, according to the most recent estimates available from the BLS. Although still 100 basis points lower than the national rate, this month is the first time since July 2015 that the metro unemployment rate is higher than the state of Minnesota’s.
Industrial sectors were responsible for 26.7 percent of the 12-month total employment growth, outperforming office-using sectors which saw 19.6 percent of total growth. Trade, transportation, and utilities added 3,200 jobs year-over-year and drove the bulk of industrial growth throughout 2015.
Although national year-to-date figures are down compared to 2015, January saw significant upward revisions to 172,000 jobs, improving the year’s initial performance. Despite global tensions and economic shifts, the U.S. economy seems to be holding its own, although certain sectors such as energy and trade could be impacted by fluctuations in domestic and international demand.
CannonDesign’s Cost Estimating team offers clients an in-depth understanding of initial construction cost, life cycle cost, schedule and construction delivery strategies to complement the firm’s design talent.
Health of economy is also dependent on the quality of employment being creating in a Country. This presentation looks at job quality in both Canada and USA
With the economy growing at its fastest pace in the current cycle, employers across industries are adding jobs, especially in urban and dense markets where talent is migrating. As a result, expansionary activity remained the dominant driver of leasing in the third quarter, accounting for 57.9 percent of lease transactions.
This is the Fourth Quarter 2011 employment report for Boyle County, Kentucky, compiled from employment data monitored by the Boyle County Industrial Foundation.
In late 2014, oil prices experienced significant declines due to oversaturated supply and a slowdown in global demand. Prices have since stabilized but at depressed levels. Materials prices were projected to drop in correlation with oil, but high demand for most major construction inputs has kept prices up overall.
Low gas prices typically drive an uptick in demand for retail, e-commerce, and industrial real estate. However, shipping costs remain high due to a decline in available labor, negating much of the oil price savings.
In the office market, the development pipeline continues to expand alongside rents, which increased 3.1 percent this quarter. U.S. markets are set to deliver more than 80 million square feet currently under development. Energy-heavy markets such as Houston are exceptions to this trend, as declining demand stifles the need for new space.
Housing and the Economy: Impacts and Forecasts - presented by Dr. Geoffrey J.D. Hewings, Director - Regional Economics Applications Laboratory (REAL), University of Illinois Institute of Government and Public Affairs
Minneapolis–St. Employment Update | March 2016Carolyn Bates
Minneapolis-St. Paul’s unemployment rose to 3.9 percent, according to the most recent estimates available from the BLS. Although still 100 basis points lower than the national rate, this month is the first time since July 2015 that the metro unemployment rate is higher than the state of Minnesota’s.
Industrial sectors were responsible for 26.7 percent of the 12-month total employment growth, outperforming office-using sectors which saw 19.6 percent of total growth. Trade, transportation, and utilities added 3,200 jobs year-over-year and drove the bulk of industrial growth throughout 2015.
Although national year-to-date figures are down compared to 2015, January saw significant upward revisions to 172,000 jobs, improving the year’s initial performance. Despite global tensions and economic shifts, the U.S. economy seems to be holding its own, although certain sectors such as energy and trade could be impacted by fluctuations in domestic and international demand.
Today’s Economic Landscape and What’s on the Other SideSavannah Whaley
SPG Trend Advisors is a boutique consultancy that provides global economic research for business and other decision makers. With fifty years combined experience between the principals, and through its website, SPG Trend Advisors provides insightful analysis and forecasting to prepare senior executives for tomorrows trends.
Did you know total nonfarm payroll employment fell by 701,000 in March 2020, measuring the effects of COVID-19 and efforts to contain it? Employment in leisure and hospitality fell by 459,000, mainly in food services and drinking places. Notable declines also occurred in health care and social assistance, professional and business services, retail trade, and construction.
VERTEX's CEO, Bill McConnell, PE, JD, MSCE, CDT, provides his annual outlook on the state of the Construction industry. The US economy has expanded, albeit slowly, for the past 8+ years. The construction industry, which overcorrected during the Great Recession, has rebounded with vengeance on the heels of record private construction spending. On the other hand, public construction spending was considerably less in 2017 than it was in 2006. Moving forward, all indicators suggest that private construction will slow while public construction spending will soon pick up steam. Also, all good things come to an end, and the current economic expansion will be no different—it is likely the US will enter into a mild recessionary cycle in late 2019 or 2020.
VERTEX's CEO, Bill McConnell, PE, JD, MSCE, CDT, provides his annual outlook on the state of the Construction industry. The US economy has expanded, albeit slowly, for the past 8+ years. The construction industry, which over-corrected during the Great Recession, has rebounded with vengeance on the heels of record private construction spending. On the other hand, public construction spending was considerably less in 2017 than it was in 2006. Moving forward, all indicators suggest that private construction will slow while public construction spending will soon pick up steam. Also, all good things come to an end, and the current economic expansion will be no different—it is likely the US will enter into a mild recessionary cycle in late 2019 or 2020.
Whether the Great Recession has ended remains debatable in the second quarter of 2010, though many economists believe that the recession, begun in December 2007, probably ended sometime in the third or fourth quarter of 2009. Recovery also remains debatable. Fears over a double-dip
recession persist.
SPG Trend Advisors and its affiliate, Sage Policy Group, have made presentations on local and regional economies, the national economy, international and geopolitical issues and capital market events. We offer these presentations for our readers to gain additional information from our commentaries and further explanation of our analyses and forecasts.
IAR Public Policy Meetings, January 26, 2011.
Presented by Geoffrey J.D. Hewings, Director, Regional Economics Applications Laboratory - University of Illinois Institute of Government and Public Affairs
SPG Trend Advisors and its affiliate, Sage Policy Group, have made presentations on local and regional economies, the national economy, international and geopolitical issues and capital market events. We offer these presentations for our readers to gain additional information from our commentaries and further explanation of our analyses and forecasts.
City of Maricopa 2012 State of the City PresentationCity of Maricopa
Mayor Anthony Smith gave his fourth State of the City Address on Thursday, Feb. 23 at 6 p.m. In 2011, the Mayor discussed the City's efforts to advance its Strategic Plan. At this year's address, he present the many exciting projects and activities taking place that are a result of the Strategic Plan execution and are poised to make 2012 a breakout year in the City's development.
Video clips from this presentation can be viewed here:
Slide # 3 (City Hal New Faces)
http://www.youtube.com/watch?v=yUPBZFYJWlk
Slide # 39 (Banner Health)
http://www.youtube.com/watch?v=F-XB_JrNeyw
Slide # 51 (Business Beat)
http://www.youtube.com/watch?v=dDv3jpjn0uk
This event was held at the MUSD Performing Arts Center at Maricopa High School, 45012 W. Honeycutt Avenue. The event was open to the general public.
The City of Maricopa is pleased to present Mayor Anthony Smith’s third State of the City Address. In 2010, the Mayor discussed the City’s efforts to advance its Strategic Plan. This year’s address will present the many exciting projects and activities taking place that are a result of the strategic plan execution and are poised to make 2011 a breakout year in the city’s development.
Pinal Power, Turning Arizona’s Green Waste into Renewable, Reliable Baseload ...City of Maricopa
Resolution 10-42. A Resolution of the Mayor and City Council of the City of Maricopa, Arizona, in support of the planned Pinal Power, LLC Renewable Energy Facility.
The City of Maricopa and the Maricopa Chamber of Commerce are pleased to present Mayor Anthony Smith's annual State of the City Address. The address provides a review of how actions and events in the past year (2009) have advanced Maricopa’s progress towards achieving many of the critical goals identified in the City Council’s strategic plan, and plans for continued efforts.
Mayor Anthony Smith presented the annual State of the City Address to over 200 attendees on March 4, 2009. The State of the City address is an annual presentation by the Mayor of Maricopa bringing residents, City staff and civic leaders together to reflect on City accomplishments from the past year and to review plans for the future. The evening includes a review of City departmental activities, citizen honors and an opportunity for the Mayor to present his vision for the upcoming year.
Paul Jepson, Assistant to the City Manager, presented information about flooding and floodplains at the July 18, 2009, Ak-Chin/Maricopa Joint Council Summit.
Brian Duncan, code compliance officer, presented information on Maricopa's Animal Control Officer at the July 18, 2009, Ak-Chin.Maricopa Joint Council Summit.
5. Employment: We will be getting bad employment news for some time, even after the recession is technically over.
6.
7. Real Gross Domestic Product Percent Change Quarter Ago, Annualized 1971 – 2009 * Source: Bureau of Economic Analysis * Data through 3rd quarter 2009 Recession Periods
8. Real Personal Income Net of Government Transfers Percent Change Quarter Ago, Annualized 1971 – 2009 * Source: Bureau of Economic Analysis * Data through third quarter 2009 Recession Periods
9. National Employment Percent Change Month Ago, Annualized (S/A) 1981 – 2009* Source: U.S. Bureau of Labor Statistics *Data through October 2009 Recession Periods
10. Industrial Production Percent Change Year Ago 1973 – 2009* Source: The Conference Board *Data through September 2009 Recession Periods
11. Real Retail Sales U.S. Percent Change Year Ago 1973 – 2009* Source: Federal Reserve *Data through September 2009 **Three-month moving average Recession Periods
12.
13. The recession MAY TECHNICALLY be over, but… … The recovery will be very weak and consumers will be a drag.
14. Financial Obligation Ratio** 1980 – 2009 * Source: Federal Reserve *Data through second quarter 2009 **Ratio of mortgage and consumer debt (including auto, rent and tax payments) to disposable income. Recession Periods
15. Mortgage Equity Withdrawal as a share of Disposable Income U.S.: 1971 – 2009* Source: Bureau of Economic Analysis * Data through second quarter 2009 Recession Periods
16. Savings Rate 1973 – 2009* Source: Federal Reserve *Data through September 2009 **Three-month moving average Recession Periods
18. Corporate Profit (Billions of Dollars, SA) 1975-2009* Source: Freelunch.com * Data through second quarter 2009 Recession Periods
19. Hours Worked Percent Change from Year Ago 1976 – 2009** Source: Bureau of Labor Statistics **Data through third quarter 2009 Recession Periods
20. Capacity Utilization Rate 1970 – 2009* Source: The Conference Board *Data through September 2009 Recession Periods
21. Percentage of Large U.S. Banks Reporting Easier Standards on Business Loans 1997 – 2009* Source: Federal Reserve, Board of Governors * Data as of October 2009 survey. Recession Periods
27. 3 YTD September 09 v YTD September 08 50 13 26 39 2 30 8 16 47 Job Growth Update: Arizona Falls to 50 th 48 Hawaii 44 1 7 5 Alaska 4 18 6 27
28. = 300,000 lost AZ jobs during last two years. (>10% of jobs)
29.
30. Arizona Employment Rank Among 50 States 1980 – 2009 Growth Over Previous Year Source: Arizona State University 1980 2008 1994 1982 1984 1986 1988 1990 1992 1996 1998 2000 2002 2004 2006 = YTD September = 50 Recession Periods
31.
32. Greater Phoenix Population Annual Percent Change 1976–2010* Source: Arizona State University & Department of Commerce, Research Administration 2007 and 2008 are estimates put out by ADES and may be subject to substantial revision. * 2009 & 2010 forecast is from Elliott D. Pollack & Co. 2008 = 1%? 2009 = 0%? Recession Periods
33. Phoenix-Mesa MSA Employment* Annual Percent Change 1975–2010** Source: Department of Commerce, Research Administration *Non-agricultural wage & salary employment. Changed from SIC to NAICS reporting in 1990. ** 2008, 2009, & 2010 forecast is from Elliott D. Pollack & Co. Recession Periods
34. Phoenix-Mesa Employment Source: Arizona Department of Commerce, Research Administration Sectors Increasing NONE!!! -1.0% Health Services -1.2% Educational Services -6.6% Other Services -9.9% Transp. & Utilities -8.0% Manufacturing -2.8% Leisure & hosp svcs -5.0% Government -11.7% Prof. & Bus. Services -25.5% Construction -7.7% Trade -6.5% -5.3% -20.5% Financial Activities Information Mining Sectors in Decline
35. I don’t always buy houses, but when I do, I prefer foreclosures. Stay thirsty my friends.
40. Excess SF supply is likely greater than 50,000 75,000 units right now. Not much better in 2010.
41. Balance between supply and demand will not be fully achieved until about 2014. But building will still occur between now and then. Distinguish between % growth and level !!!
75. ELLIOTT D. POLLACK & Company 7505 East Sixth Avenue, Suite 100 Scottsdale, Arizona 85251 480-423-9200 P 480-423-5942 F www.arizonaeconomy.com Economic and Real Estate Consulting WWW.ARIZONAECONOMY.COM INFO @ EDPCO.COM