“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ ARE YOU READY TO SELL OR PURCHASE YOUR INDUSTRIAL / OFFICE OR RETAIL BUILDING OR YOUR LAND in Phoenix, Maricopa County and Pinal County, Arizona, please call me. Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
CLICK HERE: Kasten Long Commercial Group – TOWNHALL MEETING December 5, 2018
ELLIOTT D. POLLACK. & CompanyPosted by Staff / November 20, 2018
The Monday Morning Quarterback
A quick analysis of important economic data released over the last week
Let’s start with the Arizona economy this week. The only way to put it is that the state’s economy, powered mainly by Greater Phoenix, is doing very well. Greater Phoenix is, in a word, booming.
While virtually the entire spectrum of the job market is expanding, not surprisingly it is the cyclical sectors that are doing the best right now. So far this year, construction and manufacturing employment are enjoying the fastest rates of growth seen in a long time.
Rapid growth in the labor force in both Maricopa and Pinal counties are enabling the already low unemployment rates to decline only modestly (Maricopa) or stay flat (Pinal) with year earlier levels. This is a dynamic picture, especially considering that while the rate of population growth in the Greater Phoenix area has been strong relative to most other places in the U.S., the number of movers nationally and internationally has been lower in this cycle than in past cycles. Fortunately, the area’s capture rate of those moving to Greater Phoenix has picked up considerably since it bottomed in 2011. As long as the U.S. economy continues to expand, the state, and especially Greater Phoenix, will do well.
Nationally, the picture continues to be positive despite volatility in the stock market. Consumer prices remain about where the Fed wants them to be. Retail sales are strong going into the holiday season. And manufacturing sales remain strong as does industrial production.
U.S. Snapshot:
- Consumer prices as measured by the consumer price index for all urban consumers increased 0.3% in October. This was in line with expectations. Prices now stand 2.5% above year earlier levels. The index less food and energy (called the base rate of inflation) was up 2.2% from year earlier levels. Overall, core price growth as measured by the CPI is close to where the Fed wants them.
- Retail and food service sales for October were up 0.8% from September and now stand 4.6% above year earlier levels.
- Manufacturing sales were up 0.4% in September when compared to August. On a year over year basis, total manufacturing sales were up 6.6%. This is a strong performance.
- Industrial production edged up 0.1% in October and now stands 4.1% over year earlier levels. Hurricanes lowered the level of industrial production in both September and October but their effects appear to be less than 0.1% per month.
Arizona Snapshot:
- Total nonfarm employment in the state as of October stands 3.1% above year earlier levels. Year-to-date, jobs are up 2.7%. That’s an increase of 73,300 jobs. Year-to-date, the major cyclical industries lead the way. Construction employment is up 9.8% and manufacturing is up 5.2% in the state. These are strong numbers.
- The state’s unemployment rate increased to 4.7% in October from 4.6% in September. The national unemployment rate in October was 3.7%.
- Arizona now ranks 7th out of 50 states in terms of percentage employment growth for the first 10 months of 2018.
- The Greater Phoenix area enjoyed employment growth of 3.7% over year earlier levels. On a year-to-date basis, the area us up 3.2% or 64,800 jobs. Again, construction and manufacturing are doing very well, up 11.1% and 5.8% respectively. The unemployment rate for the area decreased to 3.9%.
- Greater Phoenix ranks 5th out of 35 major employment markets in the U.S. for the first 10 months of 2018. This is a strong performance.
- Nonfarm employment in Greater Tucson in October was up 1.9% from year earlier levels. Year-to-date, the area was up a modest 1.6% or 6,200 jobs.
- According to the Home Builders Association of Central Arizona, new home permits in Greater Phoenix were 1,829 in October. That’s up 19.1% from year earlier levels. Year-to-date in the Greater Phoenix area, 19,084 single family permits have been issued. That’s a gain of 14.1%. It comes on the heels of a modest decline in permits in September that had the market concerned about the effect of higher interest rates. The latest data suggest that the home building market in Greater Phoenix remains strong.
About EDPCo
Elliott D. Pollack & Company (EDPCo) offers a broad range of economic and real estate consulting services backed by one of the most comprehensive databases found in the nation. This information makes it possible for the firm to conduct economic forecasting, develop economic impact studies and prepare demographic analyses and forecasts. Econometric modeling and economic development analysis and planning are also part of our capabilities. EDPCo staff includes professionals with backgrounds in economics, urban planning, financial analysis, real estate development and government. These professionals serve a broad client base of both public and private sector entities that range from school districts and utility companies to law firms and real estate developers.
For more information, contact:
Elliott D. Pollack & company
7505 East Sixth Avenue, Suite 100
Scottsdale, Arizona 85251
480-423-9200
SEE IT ALL: https://roselawgroupreporter.com/2018/11/pollack-arizona-economy-doing-very-well/
“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ ARE YOU READY TO SELL OR PURCHASE YOUR INDUSTRIAL / OFFICE OR RETAIL BUILDING OR YOUR LAND in Phoenix, Maricopa County and Pinal County, Arizona, please call me. Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
Kasten Long Commercial Group: Commercial Real Estate News That Matters. Nov. 15/2018
CLICK HERE: Kasten Long Commercial Group – TOWNHALL MEETING December 5, 2018
This map has many layers. It was created by the ACA. Just in case you don’t know of it already.
History of Arizona from 900 BC – 2017 -Timeline.
FROM ME:
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties. I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
PLEASE CALL ME – Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net
APARTMENT CLOSINGS
WEEKLY APARTMENT CLOSING UPDATE THROUGH NOVMEBER 16, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH NOVMEBER 2, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH October 26, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH October 19, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH October 12, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH October 5, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 28, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 21, 2018, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 14, 2018, Phoenix Arizona Metro.
“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ ARE YOU READY TO SELL OR PURCHASE YOUR INDUSTRIAL / OFFICE OR RETAIL BUILDING OR YOUR LAND in Phoenix, Maricopa County and Pinal County, Arizona, please call me. Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
Kasten Long Commercial Group: Commercial Real Estate News That Matters. Nov. 15/2018
This map has many lawyers. It was created by the ACA. Just in case you don’t know of it already.
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
Office: 602-445-4112
Direct: 602-759-1209
Cell: 520-975-5207
Fax: 602-865-7461
8 Reasons You Should Invest in Land
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
DOT – LOOP 202 / SOUTH MOUNTAIN FREEWAY / PHOENIX AZ – UNDER CONSTRUCTION
ARIZONA FACTS – YEAR 1848 TO 2013
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
PHOENIX PROJECTED AS NUMBER ONE US HOUSING MARKET FOR 2017
LIST OF ECONOMIC DEVELOPMENT PROJECTS IN PINAL COUNTY, REVISED 2-14-17
Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience
Click here to View My Listings and Profile
Click here to find out what is a CCIM:
Click here to view my website:
Click her to join my mailing list :
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
Office: 602-445-4112
Direct: 602-759-1209
Cell: 520-975-5207
Fax: 602-865-7461
Check out my professional profile and connect with me on LinkedIn.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
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