Tennessee Economic Indicators

http://capone.mtsu.edu/berc/tacir/tacir.html 

Tennessee's unemployment rate and initial unemployment claims declined in April, while single-family housing permits, state sales tax collections, and nonfarm employment rose. See graphs for the state and 10 MSAs at Tracking Tennessee's Economy.

Updated Economic Indicators

http://mtsu.edu/berc/tacir 

Tennessee single-family home construction permits rose 9.0% and state sales tax collections climbed 3.9% in January from the previous month after seasonal adjustments. For details by MSA, check the Tracking Tennessee's Economic Recovery site.

http://capone.mtsu.edu/berc/tacir/tacir.html

Updated Economic Indicators

http://mtsu.edu/berc/tacir 

• Seasonally adjusted initial claims for Tennessee dropped sharply in March to a weekly average of 4,849. Claims had followed a rising trend since November.
• Permits issued for single-family home construction for Tennessee for Tennessee fell 4.4% in March after seasonal adjustments. Of more concern is the continuation of weakness in the trend, which has been in decline since last summer. Over the year, single-family construction is 9.6% higher, while multi-family construction is up 18.6%.
• State sales tax collections jumped higher in March after seasonal adjustments, rising 4.0% from February. Over the year, collections are up 5.4%.
• Seasonally adjusted nonfarm employment for Tennessee rose 0.2% in March, a gain of 4,200 jobs from February. The rate of growth of job creation in the private sector remained at 2.1% over the year.
• Unemployment rate for Tennessee fell to 6.7% in March, equaling the U.S. unemployment rate for the first time in nearly two years. Rising employment and a steady labor force caused the decline in the unemployment rate.

Graphs: Search by MSA at Tracking Tennessee's Economic Recovery

Housing Construction

http://mtsu.edu/berc/tacir 

Permits issued for single-family home construction in Tennessee climbed to 1,491 units in January, the highest since September 2008. The trend also improved. Eight of the state's 10 MSAs show over the-year increases in single-family home construction.

Graphs: Tracking Tennessee's Economic Recovery 

Is Single-Family Home Construction Improving?

www.mtsu.edu/berc/tacir 

Perhaps, but it depends on where you are. Housing construction activity for Tennessee is trending lower, with lower activity also occurring in the Clarksville, Cleveland, and Nashville MSAs. Knoxville and Memphis MSAs are flat, while the trend is improving in Chattanooga, Jackson, Johnson City, Kingsport-Bristol, and Morristown MSAs.

• Single-Family Permits graphs, downloadable tables
• Housing Price Index