Fiscal Year (FY) 2021 was a record-breaking year for statewide economic development. During the 12-month fiscal period that ended June 30, 2021, the Arizona Commerce Authority (ACA) successfully worked with companies that committed to creating a projected 23,317 new Arizona jobs while investing $24.8 billion in local communities — the most ever for both metrics. The projected … [More]

In the week ending September 25, the advance figure for seasonally adjusted initial claims was 362,000, an increase of 11,000 from the previous week's unrevised level of 351,000. The 4-week moving average was 340,000, an increase of 4,250 from the previous week's unrevised average of 335,750. The advance seasonally adjusted insured unemployment rate was 2.0 percent for the … [More]

Greater Phoenix has become the epitome of economic development in recent years. Thanks to the region’s tax-friendly environment, relatively low cost of living, favorable business policies and a growing talent pool, the Valley of the Sun is becoming a leading global region. Phoenix grew faster than any other major city over the last decade, expanding its population by 11.2 … [More]

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the Homeowner Equity Report for the second quarter of 2021. The report shows U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen their equity increase by 29.3% year over year, representing a collective equity gain of over $2.9 … [More]

In the week ending September 18, the advance figure for seasonally adjusted initial claims was 351,000, an increase of 16,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 332,000 to 335,000. The 4-week moving average was 335,750, a decrease of 750 from the previous week's revised average. The previous week's average was revised … [More]

Desperately needed housing inventory is on the rise and expected to come primarily from sales by existing homeowners, among a host of other sources — the smallest of which is foreclosures — according to a panel of real estate experts responding to the latest Zillow Home Price Expectations Survey. The housing market is expected to stay stable as homeowners exit forbearance … [More]

Home prices across the United States continued to climb in August, rising at an annualized 15.9 percent from the prior month, the third consecutive month reporting an all-time record month-over-month rate, according to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company. The company believes the Radian HPI is the most … [More]

Less than a year and a half after the initial economic disruption of the COVID-19 pandemic, Arizona has already recovered more than 100 percent of private sector jobs, representing one of the fastest jobs recoveries in the nation. “The last year and a half have challenged Arizonans like never before,” said Governor Doug Ducey. “But thanks to the ingenuity and perseverance of … [More]

In the week ending September 11, the advance figure for seasonally adjusted initial claims was 332,000, an increase of 20,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 310,000 to 312,000. The 4-week moving average was 335,750, a decrease of 4,250 from the previous week's revised average. This is the lowest level for this … [More]

The NFIB Research Center released its latest COVID-19 survey on how the COVID-19 pandemic has affected small businesses. This is the 19th survey in the series and includes updates on supply chain disruptions, staffing shortages, sales levels, and more. The survey was conducted from September 1-6, 2021, with 586 responses collected. “Supply chain disruptions and … [More]

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for June 2021. For the month of June, 4.4% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a … [More]