“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 LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me email@example.com. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
Retail was the second-strongest sector of the economy in the first quarter of the year in Arizona, trailing only real estate as the state saw a 2.5 percent growth in GDP in the quarter.
By Sarabeth Henne | Cronkite News Tuesday, Aug. 7, 2018
WASHINGTON – Arizona’s gross domestic product grew by 2.5 percent in the first quarter of 2018, driven by increases in real estate and retail trade, according to a report from the Bureau of Economic Analysis.
The BEA report, released last month, said finance and insurance, health care, and durable goods manufacturing in Arizona all performed well in the quarter, while administrative and government services declined.
That growth rate was the 10th-fastest in the nation for the quarter and put Arizona ahead of the overall national growth rate of 2.2 percent in the GDP – the sum of all goods and services produced in a state or nation.
According to the BEA, real GDP – meaning that values are adjusted for inflation – increased across the board in 48 states and the District of Columbia in the first quarter, while it was unchanged in Arkansas and fell by 0.06 percent in North Dakota.
Alexia Shonteff, an economics professor at Arizona State University, said that it is important to look at these results in context and in the breakdown of the data.
“It is always better to have an increasing GDP if inflation is not a problem because it is generally met with population growth and job availability,” Shonteff said in an email. “But it is also important to pay attention to where the growth is happening.”
The first-quarter state results came out just days before the BEA released nationwide numbers that showed that GDP growth in the second quarter jumped to 4.1 percent, a fact trumpeted by President Donald Trump in a July 27 event on the South Lawn of the White House.
While the national numbers are important, a BEA spokesman said the state numbers are often more relevant to people.
“I think this (state GDP) has more impact than say the national numbers,” said Todd Siebeneck, the spokesman. “Realistically, people care about how they’re doing and how their local economies are doing.”
Mike Madowitz, an economist with the Center for American Progress, said that the GDP report can help people “get a much better sense of the texture of the U.S. economy.”
“It’s really important in terms of making sure we understand that it’s just not one number hitting the country,” Madowitz said. “This can serve as a warning system for what are major threats facing the country and then what are areas … that are in real need even if the sort of topline numbers look really good.”
The state report said real estate in Arizona posted the biggest gains from the fourth quarter of 2017 to the first quarter of 2018, at 0.48 percent. It was followed by retail trade at 0.43 percent, finance and insurance at 0.31 percent, health care at 0.29 percent and durable goods manufacturing at 0.26 percent.
The state’s 2.5 percent growth was the same as in the first quarter of 2017, a year in which GDP swung from 1.2 percent in the second quarter to 10.2 percent in the third quarter before settling back to 3.1 percent in the fourth quarter of last year.
The national GDP saw less-radical swings last year, going from 0.9 percent to 2.7 percent, climbing to 3.1 percent in the third quarter before dropping to 2.7 percent to end the year and 2.2 percent at the start of this year. Despite the fluctuations, Trump last month predicted that the 4.1 percent growth in the second quarter “isn’t a one-time shot.”
“I happen to think we’re going to do extraordinarily well in our next report, next quarter,” he said, according to a transcript of the White House event.
But Shonteff cautioned that predictions “are great, but they are just that.”
“If the Federal Reserve continues to increase interest rates and inflation rises and the ongoing trade wars continue,” she said in her email, “there is no certainty anything we predict will be correct.” SEE IT ALL : https://cronkitenews.azpbs.org/2018/08/07/arizona-gdp-grew-2-5-percent-in-first-quarter-ahead-of-national-rate/
ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me firstname.lastname@example.org. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
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 520-975-5207 OR E-MAIL ME email@example.com
ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me firstname.lastname@example.org
- 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%).
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.
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 email@example.com or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
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