Local economic data in simple list form updated as it becomes available


Kingsport-Bristol and Johnson City HPI up. Kingsport-Bristol, Johnson City MSA foreclosure rates decline. City and county unemployment rates increase. More non-farm jobs added.  Wages down. Home sales and price performance in city markets. More new home permits. 

Sales tax collections

(March. year-over-year)

Kingsport-Bristol up 5.1%

Johnson City MSA down 0.8%

 

CoreLogic Home Price Index

(Feb. year-over-year)

Kingsport-Bristol MSA

All sales index up 8.4%.

Non-stressed sales index up 6.1%.

Johnson City MSA

All sales index up 7.9%.

Non-stressed sales index up 6.2%.

CoreLogic foreclosure rates

(Jan. year-over-year)

Kingsport-Bristol – 0.72%, down

Johnson City MSA – 0.58%, down

CoreLogic delinquent mortgage rates

(Jan. year-over-year)

Kingsport-Bristol – 3.46 – down

Johnson City MSA – 3.14%, down o.40% from Jan. 2013

Feb. unemployment rate (Preliminary non-seasonally adjusted)

Sullivan Co. –  7.1% – up 0.5%.

Washington Co. TN – 6.3 – up 0.1%

Carter Co. – 7.7% – up 0.4%

Unicoi Co. – 10.5 – up 0.8% %

Greene Co. – 9.8% – up 0.1%.

Johnson Co. – 8.7% – up 0.1%.

Hawkins Co. – 7.1% – up 0.4%

Bristol TN – 7.0% – up 0.5%.

Johnson City – 6.2% – up 0.2%.%

Kingsport – 7.3% – up 0.5%%

Feb. non-farm jobs. Preliminary – non-seasonally adjusted.

Kingsport-Bristol MSA

Month-over-month  – added 1,400.

Year-over-year – added 100.

Johnson City MSA

Month-over-month – added 500.

Year-over-year – 100.

 March – year-to-year avg. private sector weekly wage

Kingsport-Bristol $608 – down $24.

Johnson City MSA $594 – down $31.

2014 existing homes market

The sales  and price performance is the percent gain/loss of the current quarter  v. the same quarter last year followed by the Q1 2014 total homes sold. Markets are ranked from highest YTD gain from the previous year.  

PRICE PERFORMANCE:

KINGSPORT 23.0% $164,436
UNICOI 11.6% $121,398
BRISTOL, TENN. 3.5% $119,849
JOHNSON CITY -10.9% $186,383
ELIZABETHTON -21.0% $103,073
GREENEVILLE -23.8% $93,042
BRISTOL, VA. -37.9% $90,832

SALES PERFORMANCE:

ERWIN 53.3% 23
BRISTOL, TENN. 40.8% 69
KINGSPORT 33.0% 117
GREENEVILLE 31.8% 29
JOHNSON CITY 22.6% 130
ELIZABETHTON 3.4% 30
BRISTOL, VA. -9.1% 20

PRICE PERFORMANCE:

SCOTT CO. VA. 23.3% $94,513
WASHINTON  VA. 8.7% $160,163
SULLIVAN CO. 1.7% $144,485
WASHINGTON  TN 1.3% $182,085
HAWKINS CO. -3.0% $117,217
UNICOI CO. -14.0% $120,256
CARTER CO. -21.5% $96,424
JOHNSON CO. -25.4% $125,100
WISE CO. VA. 0 $78,150
GREENE CO. 12.6% $105,752
LEE CO. VA. -55.3% $54,000

SALES PERFORMANCE:

UNICOI CO. 71.4% 24
JOHNSON CO. 47.1% 25
GREENE CO. 29.3% 97
SCOTT CO. VA. 29.3% 24
SULLIVAN CO. 26.3% 314
WASHINGTON  TN 13.8% 247
CARTER CO. 12.2% 83
LEE CO. VA. 0.0% 2
HAWKINS CO. -12.5% 77
WASHINTON  VA. -15.7% 59
WISE CO. VA. -40.6% 19

 

Feb year-to-year new residential permits

Kingsport-Bristol  MSA – 37 single-family.

Johnson City MSA –  47 single-family, 3 multi-family.

Feb. retail sales tax collection.

Johnson City MSA

Year-over-year – down 3.2%.

Month-over-month – down 5%.

Kingsport-Bristol MSA

Year-over-year – up 2.3%.

Month-over-month – up 7%.  

 

FHFA Home Price Index (Q4 2013)

Kingsport-Bristol

1-year –  up 0.55%%

5-year –  down 2.73%

Johnson City MSA

1-year – down 3.61%%

5-year- down 4.35%

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