TRI-CITIES JOBS

MSA nonadjusted nonfarm jobs

August Tri-Cities employment the lowest since 2002

  By DON FENLEY August employment in the Tri-Cities was lower than it was at the bottom of the Great Recession. According to the Bureau of Labor Statistics’ household survey 216,550 people were employed last month.  That’s a preliminary number that will see some revision on the September report. The next lowest monthly employment number […]

Tenn. August jobless rate increases to 7.4%

By DON FENLEY Tennessee’s unemployment rate for August was 7.4%, up 0.3% from July’s revised rate. According to the summary from the state Department of Labor and Workforce Development, the state jobless rate has decreased from 8.4% to 7.4% over the year while the national rate declined from 7.2% to 6.1%. Nonfarm employment was up […]

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CORE DATA

July

July a pretty good new home month in Tri-Cities despite historical view

By DON FENLEY There’s an upbeat attitude among many local new home builders that doesn’t show up in the number of privately owned, single-family new home permits. July’s year-to-date performance in the Tri-Cities was the second worst since 1995. That long view shows the local new home market seriously lagging its per-recession level – and […]

Kingsport says FY 2014 building season posts solid gains

According to a Kingsport new release Fiscal Year 2014 building season posted solid results for private construction investment, with outlays nearly double the rate demonstrated in the City in recent years. At the same time, an independent financial services website has recognized Kingsport as tops among “Cities on the Rise” in Tennessee given economic fundamentals, […]

Hawkins Co. is Q2 Tri-Cities house flipping hot spot

By DON FENLEY Hawkins County was the Tri-Cities home flipping hot sport in Q2. Although the number of flips was only 11, that was a 56% increase from Q2 last year. Gross return on investment is much the same story. Hawkins County flippers averaged a 45% gross ROI compared to 25% during the same period […]

Nine Tri-Cities areas see Q2 double-digit all-cash home sales

All-cash sales in four of the 10 Tri-Cities areas monitored by RealtyTrac’s U.S. Institutional Investor & Cash Sales Report increased in Q2 when compared to Q2 last year. Institutional investor sales were up in four counties when compared to Q2 last year. Here’s how the percentage of all sales the  all-cash sales looked during Q2 […]

Q2 2014  RealthTrac

Tri-Cities housing ranks affordable in median price-to-income study

By DON FENLEY RealtyTrac® (www.realtytrac.com), has released a report analyzing affordability for buying a residential property in more than 1,000 counties nationwide, which shows that as of the second quarter of 2014, one-third of the counties analyzed have surpassed their historical averages for income-to-price affordability percentages since 2000 — making them less affordable now than they […]

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