CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. August 2021 data shows a national rent increase of 9.3% year over year, up from a 2.2% year-over-year increase in August … [More]
The Howard Hughes Corporation and Jerry Colangelo Announce Launch of 37,000-Acre Master-Planned Community in Phoenix’s West Valley

The Howard Hughes Corporation and Jerry Colangelo today announced the launch of Douglas Ranch, a new large-scale master-planned community (MPC) in Phoenix’s West Valley. Encompassing nearly 37,000 acres in the nation’s fastest-growing metro region, Douglas Ranch is anticipated to become one of the leading MPCs in the country, with 100,000 homes, 300,000 residents and 55 million … [More]
Amazon Hiring for 6,200 Seasonal Jobs in Cities and Towns Across Arizona
Amazon continues to provide diverse employment opportunities for people of all backgrounds and skill levels, announcing today 150,000 seasonal jobs are now available across the U.S. including 6,200 in Arizona. All Amazon jobs in the U.S., including seasonal roles, have an average starting pay of $18 per hour, sign-on bonuses up to $3,000 and an additional $3 per hour … [More]
Baby Boomers and Millennials Are Competing for Homes, and Boomers Are Winning
The past year's frenzied housing demand likely has more to do with the demographic makeup of America than a onetime, pandemic-driven boom, a new Zillow® analysis of the age, sex, race and income of home buyers over a decade reveals. Millennials and baby boomers — two of the biggest generations in U.S. history — are in the market for homes in a big way. With an aging … [More]
CPI for All Items Rises 0.4% in September, Food, Shelter Among Tops
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in September on a seasonally adjusted basis after rising 0.3 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment. The indexes for food and shelter rose in September and together … [More]
Footprint Center Formally Dedicated, Looks to Be Sustainability Epicenter
Footprint, a materials science technology company, and Suns Legacy Partners, LLC, operators of the Phoenix Suns, Phoenix Mercury, and Footprint Center, today officially opened doors on the recently transformed Footprint Center. Leadership from Footprint, and the Suns and Mercury joined City of Phoenix Mayor Kate Gallego and champions of sustainability to formally dedicate … [More]
YAM Worldwide Founder Offers Employees Major Incentive to Get the COVID-19 Vaccine & Flu Shot

During a company-wide Zoom meeting, Bob Parsons announced he would not be making vaccines mandatory for the employees of his YAM Worldwide portfolio of companies, instead offering a rich incentive. Globally, YAM Worldwide has more than 1,150 employees and each of them are eligible for a $1,000 bonus if they are fully vaccinated for COVID-19 and receive a flu shot. “We are … [More]
Arizona, California Water Agencies Partner to Advance Development of Large-Scale Recycled Water Project
Building on increased collaboration on the Colorado River, water agencies in Southern California and Arizona have forged a new partnership to advance development of one of the largest water recycling plants in the country – a project that would help restore balance to the over-stressed river. Through an agreement approved Tuesday by Metropolitan Water District’s … [More]
July U.S. Mortgage Delinquency Rates Approach Pre-Pandemic Levels, Says Report
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for July 2021. For the month of July, 4.2% 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]
Small Business Optimism Slips in September as Labor Shortages, Inflation Impact Business Operations
The NFIB Small Business Optimism Index decreased one point in September to 99.1. Three of the 10 Index components improved, five declined, and two were unchanged. “Small business owners are doing their best to meet the needs of customers, but are unable to hire workers or receive the needed supplies and inventories,” said NFIB Chief Economist Bill Dunkelberg. “The … [More]
Phoenix Suns Announce Partnership with Leading Blockchain Provider
Phoenix Suns are proud to announce a new official team partnership with Socios.com, the leading global blockchain provider for the sports and entertainment industry. Socios.com is a direct-to-consumer (D2C) platform that leverages blockchain technology to provide the world’s leading sporting organizations with the tools to engage with and monetize their global … [More]
Payroll Employment Rises by 194,000 in September, Unemployment Rate Declines to 4.8%
Total nonfarm payroll employment rose by 194,000 in September, and the unemployment rate fell by 0.4 percentage point to 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing. Employment in public education declined … [More]
Small Business Labor Shortage Worsens in September
Fifty-one percent (seasonally adjusted) of small business owners reported job openings they could not fill in the current period, up one point from August and a record-high reading for the second consecutive month, according to NFIB’s monthly jobs report. The number of unfilled job openings continues to exceed the 48-year historical average of 22%. “More and more … [More]
U.S. Weekly Jobless Claims Fell for the First Time in Four Weeks
In the week ending October 2, the advance figure for seasonally adjusted initial claims was 326,000, a decrease of 38,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 362,000 to 364,000. The 4-week moving average was 344,000, an increase of 3,500 from the previous week's revised average. The previous week's average was revised … [More]
Arizona Commerce Authority Announces Semifinalists for the 2021 Arizona Innovation Challenge
The Arizona Commerce Authority announced 26 semifinalists have been selected for the 2021 Arizona Innovation Challenge (AIC). The AIC is designed to advance innovation and technology commercialization opportunities in Arizona by helping early-stage ventures scale. “Choosing this year’s 26 semifinalists from a competitive pool of more than 100 applicants for this round was … [More]
U.S. Annual Home Price Growth Reaches a New All-Time High in August, Says Report
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for August 2021. Home prices rose to a fever pitch this summer, with annual price gains reaching another all-time high in August at 18.1%. Ongoing affordability challenges within … [More]
GPEC Named the Top Economic Development Organization Globally
The Greater Phoenix Economic Council (GPEC) was named the top economic development organization globally (population 500k+) by the International Economic Development Council (IEDC). GPEC President & CEO, Chris Camacho, and SVP of Marketing & Communications, Colleen Schwab, accepted the ‘Gold Rank’ EDO of the Year award during Tuesday’s Keynote Luncheon at IEDC’s 2021 … [More]
Partnership Expands Supply Chain in Arizona and Taiwan
The Arizona Commerce Authority and Taiwan’s Bureau of Foreign Trade, Ministry of Economic Affairs, today committed to partnering on trade and economic development. The partnership, which was outlined in a recently signed Memorandum of Understanding (MOU), aims to support efforts to establish or expand operations and supply chains in Arizona or Taiwan. The MOU was signed on … [More]