CORE DATA

Kingsport by the numbers

Q3 retail sales post gains everywhere except Kingsport

Tri-Cities retail sales enjoyed a robust third quarter with one very notable exception. Kingsport’s retail expansion that began in 2012 seems to have run out of steam. ETSU Economist Steb Hipple’s Q3 analysis shows the Model City has reported two… Read More ›

Tri-Cities sale tax collections continue slump in November

Morristown was the only MSA in NE Tennessee that had positive sales tax collection in November. Both Tri-Cities Metro areas were down, and Knoxville posted the region’s biggest year-over-year decline. The pattern was in step with national consumer spending which… Read More ›

Indicators show Tri-Cities home prices continue trending lower

Home prices in the Tri-Cities two Metropolitan Statistical Areas continued trending lower in November on two major price indicators. The CoreLogic House Price Index and the Northeast Tennessee Association of Realtors year-to-date average sales price have loosely followed the same… Read More ›

Bristol, Johnson City, Kingsport restructuring: less employment, more part-timers, but there are exceptions

It’s no surprise part-time jobs replaced a bunch of full-time Tri-Cities jobs during the Great Recession. But just-released city-level Census data shows the work status decline isn’t as drastic as the talk you hear on the street. And there are… Read More ›

Tri-Cities gets better than average Nov. jobs growth report

Tri-Cities employers added 500 jobs in November. The unemployment rate dropped to 5%, and the jobs growth rate continued trending lower. Preliminary, non-adjusted nonfarm job growth for the seven-county region was up 0.2%  from last year. Job creation turned positive… Read More ›

Tri-Cities commercial real estate development flat in Q3, shows slow year-to-date improvement over 2015

Year-over-year growth of commercial construction was down by three permits in the third quarter, but year-to-date the market is on a slow-growth pattern similar to the average sales price of single-family residential resales. The Market Edge’s Commercial Building Trend Report… Read More ›

Johnson City, Kingsport eek out 2015 population gains; demographic issue weighs on local economy

Census data released last week show Johnson City and Kingsport were the only major cities in the seven-county region to gain population in 2015. And in Kingsport’s case, the gain was only 0.1%. The news follows earlier reports that show… Read More ›

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