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Home sales sizzle in 2nd quarter while affordability cools.
September 1, 1994... The local housing market continued to sizzle in the second quarter like a Phoenix summer. And like the hot weather, the market is not expected to experience any cooling until later in the year. The local economy is continuing to grow and new...
Proportion of HS, college grads in AZ workforce low.
September 1, 1994... Labor force quality is cited as one of the more significant, if not most important, factors affecting economic development and business location decisions. The quality of the labor force depends on educational attainment and other job skills....
Faster population growth continues in second quarter 1994.
September 1, 1994... For the second consecutive quarter, net immigration to the Phoenix area was approximately 11,000 (see Table 1). This is marginally above the quarterly average since 1970.
TABLE 1
(Quarterly estimates in thousands)
...
Economic growth accelerates in Arizona.
September 1, 1994... The economic growth rate in Arizona continues to gradually accelerate but gains nationally are holding steady. Thus, the margin between the Arizona and U.S. growth rates is widening, with the Arizona rate nearly twice as high, approaching the...
July purchasing indicators strongest in two years.
September 1, 1994... The Arizona economy, apparently oblivious to the "dog days of summer," posted good growth in July according to indicators derived from the monthly survey of Arizona purchasing managers conducted for the College of Business at Arizona State...
Arizona leading index is unchanged in June.
September 1, 1994... The Arizona Index of Leading Economic Indicators was flat in June at 98.7. The number was identical to the revised 98.7 number for May 1994 and 2.1 percent above the June 1993 number of 96.7 (1987 = 100).
Sensitive materials prices, new...