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Sierra Vista

Sierra Vista. Economic Outlook 2014 Robert Carreira, Ph.D. Real GDP Growth (%). Jobs. * US, April 2014; All others, March 2014 . Cochise County Jobs by Industry. Unemployment. Labor Market Outlook. Upside AEGIS hiring New hospital construction Economic development efforts Downside

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Sierra Vista

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  1. Sierra Vista Economic Outlook 2014 Robert Carreira, Ph.D.
  2. Real GDP Growth (%)
  3. Jobs * US, April 2014; All others, March 2014
  4. Cochise County Jobs by Industry
  5. Unemployment
  6. Labor Market Outlook Upside AEGIS hiring New hospital construction Economic development efforts Downside Defense contracting Government (federal, state & local) Population declines
  7. Retail Sales Inflation adjusted; compared to same month previous year
  8. Retail Sales
  9. Restaurant & Bar Inflation adjusted; compared to same month previous year
  10. Restaurant & Bar
  11. Accommodation Inflation adjusted; compared to same month previous year
  12. Accommodation
  13. Sales Outlook Retail AEGIS job creation Defense –related job losses Population declines Restaurant & Bar Continued instability New restaurants without an expanding market Population declines Accommodation Hospital construction Privatized army lodging
  14. Home Sales (Site-built only) 1st Quarter, 2014 Cochise County: 268 (+5.5%) Sierra Vista Area: 183 (+21.2%)
  15. Median Home Price (Site-built only)
  16. Foreclosures (% of sales/site-built)
  17. New Home Construction
  18. Sierra Vista New Home Construction
  19. Sierra Vista New Commercial Construction
  20. Real Estate & Construction Outlook Foreclosures Upward pressure on sales Downward pressure on prices Dampened demand for new construction Lower home values More SFR rentals Less demand for multifamily/apartments Population declines = downward pressure on new construction, sales & rentals Commercial construction = New SVRHC
  21. Conclusion Recession Kept out of 2008-09 recession by Fort Huachuca/commercial construction Sierra Vista/Cochise County recession began in 2011 Upside New hospital AEGIS hiring Economic development efforts Downside Defense/Fort Huachuca Population declines Foreclosures
  22. THE END
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