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Fort Collins/Loveland 6.7% Unemployment

by Sharianne Daily

July 2012 Unemployment Figures

Loveland/Fort Collins - 6.7%

Colorado - 8.3%

United States - 8.3%

25-44 year olds migrating to Colorado

by Sharianne Daily

Colorado ranked fifth among states for domestic net migration, in total numbers, after Texas, Florida, North Carolina and Washington. That's an improvement from the state's 10th-place ranking from 2001 to 2009. Among 25- to 44-year-olds, the age group launching careers and forming families, Colorado was the most popular state for those relocating, said state demographer Elizabeth Garner.

Fort Collins-Loveland JOB GROWTH!

by Sharianne Daily

Fort Collins-Loveland area shines bright in state, nation for job growth - In its slow but steady recovery from the recession, Colorado's job growth is middle of the pack.  But the good news is that job growth within the Fort Collins-Loveland area represents a bright spot.  Even going beyond regions in Colorado and looking nationwide, Pueblo and the Fort Collins-Loveland area are reporting some of the strongest hiring conditions, economist Mark Snead said.  "They're approaching peak levels of hiring prior to the recession," those seen in early 2008, he said. 

Economic Indicator Index shows Positive Growth for Colorado

by Sharianne Daily

For the 23rd consecutive month, the overall economic indicator index for the Mountain States region of Colorado, Wyoming and Utah has shown positive growth, according to the Goss Institute.

The overall Business Conditions Index is an average of indices for new business orders, production or sales, employment, inventories and delivery lead time with positive growth considered to be an index above 50.0, which is considered growth-neutral.

For the three-state region, the BCI advanced to 57.8 in September from 56.8 in August.

"National data indicate that the U.S. economy is teetering on an economic recession," said Ernie Goss, director of the Goss Institute for Economic Research. "On the other hand, the Mountain States region continues to expand with little evidence of an impending recession. Businesses with close ties to agriculture and energy continue to expand and add jobs at a healthy pace."

In Colorado, the Business Conditions Index dipped slightly in September from 51.9 from 53.8 in August. "Manufacturing employment has expanded at a solid pace over the past year," Goss said. "Likewise, firms have increased the hours worked for current employees. Our surveys point to continued economic expansion in the state for the rest of 2011."

Jan 2011 Mortgage Rates 4.76% vs 5.03% in 2010

by Sharianne Daily

CHART: Rates Since 1971

Mortgage Rates still at Historic LOWS!  Thank you to Susie Kiesling with Premier Mortgage for this informative chart.

Fort Collins ranks 3rd on Well-Being Index

by Sharianne Daily

Fort Collins/Loveland ranks 3rd on Well-Being Index - A recent poll released by Gallup and Heathways ranked Fort Collins/Loveland third on its Well-Being Index from among 188 metropolitan areas surveyed in 2010.  The Well-Being Index measures the health of adults in metropolitan areas based on six criteria: life evaluation, emotional health, work environment, physical health, healthy behaviors and access to basic necessities.  The overall score of the Fort Collins and Loveland areas was 72.1, third behind Boulder and Lincoln, Neb., as the top metro areas with the highest well-being. 

Northern Colorado JOBS!

by Sharianne Daily

Despite a tough economy, 2010 was the best year in the history of the Northern Colorado Economic Development Corporation with 11 company announcements resulting in 

 

  • Creation of nearly 500 primary jobs with an average salary of $63,909, and over 300 secondary jobs.
  • Private investment of over $86,000,000.
  • Occupation of over 150,000 square feet.
  • Creation of a spell out of approximately $50 million in local spending per year into the local Larimer County community.

 In addition, we had 66 new attraction leads, and assisted

176 companies in areas such as demographic reports, workforce data, alternative financing, and grant opportunities.

 

 We also aided local primary employers in acquiring over $400,000 in matching training grant funds. 

  

2011 is starting strong with the expansion of Spirae's Center for Smart Grid Technology (an additional 100 positions over three years) and the opening of Funkwerks. Please join as we look forward to making 2011 another record breaking year.  

Fort Collins' real estate market top in Nation

by Sharianne Daily
Fort Collins' real estate
market ranked top in the
nation

 
Coloradoan Staff Reports • December 30, 2010

 
Fort Collins' real estate market has been pegged as
one of the top 10 markets to thrive in the country in
2011.

The new list that ranks Fort Collins at No. 9 on the
top 10 real estate markets list for next year was
released by the online real estate search engine
Trulia.

Fort Collins is the only Colorado city to make the
list, topped by San Francisco. Texas takes the No. 2
and No. 5 positions with Austin and San Antonio
respectively.

Trulia formulated its predictions of cities that will
break through toward recovery and thrive in 2011,
and Fort Collins made it onto the list based on its
home sale prices and low unemployment compared
to the national average.

The report ranked Fort Collins unemployment at 6.4
percent against the national average of 9 percent.

Fort Collins' median sales price, according to the
website, is $222,500, which is up 4.1 percent year-
over-year, but still low compared to other markets.

A highly educated population also weighed into the
rankings, as approximately 48 percent of Fort
Collins' population have at least a four year degree,
which dovetails with having CSU here. Tulia also
noted that 92 percent of Fort Collins' residents have
a high school diploma.

"We see three major elements as key indicators of
the markets that will thrive in 2011, and Fort Collins
has all three: positive projected job growth at a time
when the rest of the country may be negative,
positive projected net population growth when
former hot spots are hemorrhaging residents and
high affordability," said Tara-Nicholle Nelson,
Trulia’s consumer educator, in a prepared
statement. "Fort Collins even beats many of the other
spots on our list in that it’s also frequently ranked
as a 'best' place to live, not just an affordable one,
so it’s easy to see how it made it on our list of
markets that will do well next year."
 
Trulia's list of 10 real estate markets that will thrive
in 2011

1. San Francisco, Calif.
2. Austin, Texas
3. Madison, Wis.
4. Raleigh-Durham, NC
5. San Antonio, Texas
6. Oklahoma City, Okla.
7. Des Moines, Iowa
8. Salt Lake City, Utah
9. Fort Collins
10. Omaha, Neb.

Source: www.trulia.com

Fort Collins/Loveland vacancy rate 2.9%!

by Sharianne Daily

Fort Collins/Loveland and Greeley rank No. 1 and 2 in tightest rental vacancy rates in the state, according to a third-quarter report released Thursday by the Colorado Division of Housing.

Fort Collins/Loveland's rate of 2.9 percent is lowest in the state and the lowest since a 2.6 percent rate in first-quarter 2001.

 Industry experts say a main reason for the rental surge - besides the arrival of college students - is the aftermath of the housing bubble, which left people in mortgage distress or unable to secure loans to buy.

 With vacancies shrinking - the statewide third-quarter rate was 5.5 percent

- rents are expected to continue climbing.

Strong Employment for Northern Colorado

by Sharianne Daily

Betsey Hale, Business Development Manager for the City of Loveland, forwarded this link to a very good video from the Colorado Division of Housing & Local Affairs.  It reviews overall job creation trends in Colorado, particularly in the service sector and construction.  It also shows Fort Collins/Loveland MSA has outperformed the state and other areas in job growth.  A reinforcement on the strength of our economy and strong selling point to primary employers.     

 

http://www.youtube.com/watch?v=F_p6lkF5_7s&feature=player_embedded#

 

 

Displaying blog entries 1-10 of 13

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