If you have any real estate questions stop by the next get together 1.2.13 at the Aviano community center at 6:30 PM. More info here. Free.
From the most recent Monday Morning Quarterback newsletter from Elliott Pollack:
Arizona employment continued to grow in November. Year-to-date, total
nonfarm employment now stands 2.2% above a year ago in the state.
Greater Phoenix was up 2.7% for the first 11 months of the year while
Tucson was up a modest 0.7%. For the state as a whole, all sectors
except for Information and Other Services were up. The largest
percentage gains were in Construction, Professional & Business
Services, Educational & Health Services and Leisure &
Hospitality. For Greater Phoenix, only Other Services, a small
employment category, was down. In Greater Tucson, several sectors
including Manufacturing, Wholesale Trade, Transportation &
Utilities, Information, Educational & Health Services and Other
Services were all down.
The unemployment rate continues to decline. As of November, the rate
stood at 7.8% for the state, 6.9% in Greater Phoenix and 6.6% in Greater
Tucson. Total claims for weekly unemployment insurance continues to
decline and now stands 39.4% below year earlier levels.
The Arizona Department of Administration estimates that 2012 population
growth will be a mediocre 0.9% or 60,391 people for the state as a
whole. In the pre-recession year of 2006, the net increase was 191,933
people. The estimate for Greater Phoenix was 1.1% or 46,296 people. For
Greater Tucson, it was only 0.4% or 4,299 people. Tucson’s result
implies continued population outflows as the figure is less than births
Arizona retail sales for October (reported as November collections) were
up 9.1% over October 2011. Total sales were up 4.0%. This is good news
and hopefully continued through the holiday season.
R.L. Brown reports that there were 772 permits in Greater Phoenix during
November. This is a 69.2% gain over 2011. There have been 10,947
permits issued year-to-date through November. This was a 73.7% increase
for the first 11 months of the year over the same period last year. In
Greater Tucson, permits were up 43.4% from a year ago.