In the week ending January 16, the advance figure for seasonally adjusted initial claims was 900,000, a decrease of 26,000 from the previous week's revised level. The previous week's level was revised down by 39,000 from 965,000 to 926,000. The 4-week moving average was 848,000, an increase of 23,500 from the previous week's revised average. The previous week's average was … [More]
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Report: Hotel and Travel Outlook for 2021, Business Travel Not Expected to Return Until 2024
American Hotel & Lodging Association
The American Hotel & Lodging Association (AHLA) today released “AHLA’s State of the Hotel Industry 2021” outlining the forecasted state of the hotel industry in 2021 and into the immediate future. The report examines the high-level economics of the hotel industry’s recovery, the specific impact on and eventual return of business travel, and consumer travel … [More]
SkySong Expected to Generate $58.2 Billion in Economic Impact Over Next 30 Years
inbusinessPHX.com
SkySong, The ASU Scottsdale Innovation Center “is a job creator with outsized ripple effects” on economic development in the region, with an estimated impact of $58.2 billion over the next 30 years and with even more value as a brand representing innovation and entrepreneurship. The estimate is part of a comprehensive new Market Analysis and Economic & Fiscal Impact … [More]
Survey Predicts Austin will be the Nation’s Hottest Housing Market in 2021, Leading a Sunbelt Surge
Zillow
Austin will be America's hottest housing market in 2021, leading a list of mostly Sun Belt cities expected to continue heating up faster than the nation's large coastal markets, according to a new Zillow® survey of experts. The booming Texas destination heads a lineup of sunny and relatively affordable metro areas -- Phoenix, Nashville, Tampa and Denver -- that are most … [More]
Leveling Off: Mortgage Delinquencies Continue to Rise but Pace Moderating in October
CoreLogic
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for October 2020. On a national level, 6.1% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure). This represents a 2.4-percentage point increase in the overall … [More]
Survey: America’s CEOs Start 2021 Concerned about Taxes, Optimistic about Trade, & Eager to Return to the Office
The Conference Board
As 2021 begins, a new survey from The Conference Board reveals the biggest issues that will keep business leaders up at night in the new year. CEOs in the United States are more worried about higher corporate taxes and increased regulation, but less worried about global political instability and disruptions to global trade. And compared to their global peers, U.S. CEOs are more … [More]
Arizona Mortgage Applications Reveal Trends in Active New Home Market
Fulton Homes
Fulton Homes, Arizona's largest family-owned and -operated homebuilder, has consistently strived to understand the desires of homebuyers and trends in order to best accommodate them while also considering the direction of the larger industry. The homebuilder has always championed the idea that mortgage applications are a useful data point to learn from as the company develops … [More]
Survey Reveals 68% of Surveyed Workers Do Not Feel Completely Safe in Their Buildings
Honeywell
Honeywell released the results of a comprehensive study on workers' perceptions and feelings on the health and safety of their workplace. Conducted by Wakefield Research, the study surveyed 2,000 workers that typically work in buildings with 500 or more employees across the United States, United Kingdom, Germany and the Middle East. The findings show that a staggering … [More]
Despite New Stimulus, More Than 3 Million Renters Facing COVID-19 Unemployment Bear Extreme Housing Cost Burden
Zillow
For millions of renters who remain unemployed during the COVID-19 pandemic, the recently finalized fiscal stimulus package is desperately needed relief. The additional payments will bring their typical rent burdens from more than 80% of their income to less than half, a new Zillow® analysis shows. While the extra assistance helps on a monthly basis, millions behind on their … [More]
Report: Small Business Optimism Drops Below Index Average in December
NFIB
The NFIB Small Business Optimism Index declined 5.5 points in December to 95.9, falling below the average Index value since 1973 of 98. Nine of the 10 Index components declined and only one improved. Owners expecting better business conditions over the next six months declined 24 points to a net negative 16%. “This month’s drop in small business optimism is historically very … [More]
U.S. Consumer Prices Increase in December
U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in December on a seasonally adjusted basis after rising 0.2 percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.4 percent before seasonal adjustment. The seasonally adjusted increase in the all items index was … [More]
Pandemic Year Brought Incredible Surge in ‘Million-Dollar Cities’
Zillow
Although the typical value of a home in the United States is about $263,000, the number of "million-dollar cities" spiked sharply last year, according to a new Zillow analysis. There are 45 more U.S. cities1 with a typical home value of at least $1 million than there were a year ago -- the largest increase in at least a decade. There are now 312 million-dollar cities, up … [More]
2020: What Did We Learn & What Is Here to Stay?
by Karen Stafford, MHRM, SPHR, SHRM-SCP
Remote Work Is Here to Stay! While a small number of workplaces offered working from home at least one day a week before the pandemic hit in March (36%, according to a Price Water House survey), when COVID hit that number spiked to 77%. During this time, we learned that remote work can and really does work! Yes, job roles are important, as many “essential worker” … [More]
Jobs Report: U.S. Lost 140,000 Jobs in December, the First Decline since April
U.S. Bureau of Labor Statistics
Total nonfarm payroll employment declined by 140,000 in December, and the unemployment rate was unchanged at 6.7 percent, the U.S. Bureau of Labor Statistics reported today. The decline in payroll employment reflects the recent increase in coronavirus (COVID-19) cases and efforts to contain the pandemic. In December, job losses in leisure and hospitality and in private … [More]
Despite Growing Healthcare and Economic Concerns, Education Remains Top Priority among Arizona Voters
Expect More Arizona
Education remains the number one issue among Arizona voters for the sixth consecutive year, according to a recent poll of 600 likely voters. The survey was conducted Dec. 8-12, 2020 by HighGround, Inc. on behalf of Expect More Arizona. Education issues (28%) topped Healthcare (18%) and Jobs/Economy (16%) as the top issue facing our state, even among those respondents without … [More]
Small Business Job Growth Continues in December
NFIB
Small business job growth continued in December, but the gains remain uneven as certain sectors of the economy are slowing due to state-mandated business closures and consumer resistance to spend, according to NFIB’s monthly jobs report. “Small businesses continued to prove that they are the engine of the economy as we closed a chapter on a challenging year,” said NFIB Chief … [More]
New Year, New Trends. 5 Small Business Trends to Keep an Eye On to Succeed in 2021
by Edgar R. Olivo
Small businesses all across the country have reset their clocks to kick off a new year. To say 2020 was an interesting year is an understatement. COVID-19 upended many dreams, forcing countless small-business owners to close or pivot almost overnight. Now that we are almost a year into the pandemic, there are plenty of lessons to capture from our combined experiences and shed a … [More]
Home Value Disparities Between Races Are Still Pronounced, but Shrinking
Zillow
Typical values for Black- and Latinx-owned homes still lag behind overall U.S. home values, but the gap is narrowing. A new Zillow® analysis shows homes owned by Black and Latinx households are worth 16.2% and 10.2% less, respectively, than the typical U.S. home -- gaps that have closed by about 4 percentage points from their widest points following the Great … [More]
