As examined in a previous post on this blog, one aftereffect of the recession was decline in home ownership due to foreclosures and more stringent loan requirements. According to a recent report by the Pew Research Center, the post-recession home ownership rates have declined most sharply among householders who are African American, young, or [...]
This month's Regional Snapshot provides, at the start of 2018, an overview of the most relevant trends in our metro economy- topics include job growth by sector, changes in wage levels, and trends in residential and commercial (by type) permit and construction activity. Highlights from this snapshot: Metro Atlanta continues to be a national [...]
When it comes to the economy, most of us would likely agree that, while things are better, we "got a ways to go yet". A recent article in the AJC examines the lingering impacts of the Great Recession, pointing out that despite improvements in employment (and even, finally, wages), many are still suffering. One [...]
This month's Regional Snapshot begins to dig into the results from the 2017 Metro Atlanta Speaks survey, comparing responses among the counties surveyed and offering insights as to how different segments of the population responded. Each year since 2013, ARC and its community partners conduct the Metro Atlanta Speaks public opinion survey to take [...]
This week's Friday Factday highlights data from the Q3 2017 update to The Quarter, The Atlanta Regional Commission's quarterly publication exploring leading indicators of overall economic health from a non-economist's view. This week, we dig into the most recent S&P CoreLogic Case-Shiller Home Price Index numbers. The Case-Shiller index is the leading indicator measuring the [...]
This month's Regional Snapshot picks up where the July Regional Snapshot on Affordable Housing left off. In the October Regional Snapshot we take a deeper dive into affordable housing data, mapping it onto our region's employment centers in an effort to visualize the relationship between housing affordability and concentrations of regional employment. ARC's Employment [...]
We spend a lot of time analyzing data about the region’s housing market. We have examined how home prices have recovered since the Great Recession (here) and we recently looked at the growing affordability crisis in metro Atlanta (here). But with the recent release of the latest Home Mortgage Disclosure Act (HMDA) data for [...]
Our most recent update of The Quarter analyzes economic data in metro Atlanta for Q3 2017. The Quarter includes data on employment, home price indices, building permits, retail and office space, and more, with the goal of identifying what areas of our economy are striving and what areas are slower to recover. Visit The [...]
If you live in a household in the Atlanta Metro region which makes less than $50k a year, chances are that 30% or more of your household income is going to pay either your rent or your mortgage. The map below, by census tract, shows those areas with the greatest affordability challenges in dark [...]
The uptick in construction activity since the great recession has generated many new residential building projects in the Atlanta Metropolitan Statistical Area (MSA). While some of the new housing in these projects has been designated affordable, it appears that these newer constructed buildings are demanding higher rents than their older counterparts. The first chart below [...]
