Fort Collins #1 stable market
Realtor.com released a list of the 8 most stable housing markets in the country and Fort Collins took the #1 spot. Here is the list of the Top 8 Most Stable Markets (in rank order) along with their respective price appreciation in 2016: (1) Fort Collins, Colo.: 7% (2) Madison, Wis.: 10% (3) Durham, N.C.: 10% (4) Honolulu: 9% (5) Greenville, S.C.: 10% (6) Ann Arbor, Mich.: 10% (7) Manchester, N.H.: 9% (8) Salem, Ore.: 11%.
Regional unemployment rate below 3%
The Colorado Department of Labor & Employment recently released a report showing that the unemployment rate in Boulder Valley and Northern Colorado was below 3% in March and the state of Colorado reached its lowest rate in 40 years coming in at 2.6%. The rates came in as follows in March: Boulder County 2% unemployment rate, down from 2.8 percent in February; Larimer County 2.1%, down from 3%; Broomfield County 2.3%, down from 3.1%; and Weld County 2.4%, down from 3.3%. The report is based on a monthly survey of households and is not adjusted for seasonal workers. In the same time period the national unemployment rate came in at 4.5%.
CU Boulder index: Colorado business confidence stable
The University of Colorado Boulder’s Leeds School of Business found that the state’s business confidence is stable as we head into the 2nd Quarter of 2017. Their Leeds Business Confidence Index showed an uptick of 3.1 points from last quarter and is up by 8 points from one year ago. The index takes into account the state economy, national economy, hiring plans, capital expenditures, industry sales and industry profits. In February, the industries experiencing the largest gains in employment were in construction, other services and education and health services.
Greeley 4th fastest growing MSA
According to the U.S. Census Bureau, the Greeley metropolitan statistical area (MSA) was the 4th fastest growing MSA in the United States from July 1, 2015 to June 30, 2016. The Greeley MSA, which encompasses Weld County, grew by 3.5% to reach a total population of 294,932. Comparatively, the Boulder MSA grew by 1.1% and the Fort Collins-Loveland MSA by 1.8%.
Johnstown approves more funds for I-25 interchange improvements
Easing congestion along the I-25 corridor has become a top priority for our Northern Colorado communities. The Johnstown Town Council recently approved $6 million in funding for improvements to the I-25/Colorado Highway 402 interchange. The city of Loveland will also contribute $6 million with Weld and Larimer counties contributing $1 million each.
Colorado in Top 10 for solar jobs
The Solar Foundation recently released their Solar Jobs Census 2016 and Colorado is a top 10 state for solar industry jobs. Colorado accounted for 6,004 solar jobs in 2016, a 20% increase from the year prior. In the United States, one out of every 50 new jobs added in 2016 was created by the solar industry, representing 2% of all new jobs. Click here to view the complete census report: http://www.thesolarfoundation.org/national/.
Fort Collins, Greeley top for small business
ValuePenguin.com recently released a list of the Best Cities for Small Business. Out of 200 cities ranked, Boulder ranked #1, Fort Collins #2 and Greeley #23 overall. Each city was assessed in three major categories: taxes, economy and business community. Low unemployment was an area of strength for the region. Click here to read the full report: https://www.valuepenguin.com/best-cities-small-business.
The expansion of I-25 continues to be a top priority for our Northern Colorado communities. Last fall it was announced that the Colorado Department of Transportation will receive a $15 million federal grant to assist with the widening of I-25 through a stretch of Larimer County from Colo. 14 (Mulberry Street) to Colo. 402 (south Loveland). Local and state leaders gathered to celebrate the accomplishments so far in securing funds for improvements, and to outline the work ahead. One of the primary focus areas now is a 12-mile section of the highway between Johnstown and Longmont that will still be two lanes in both directions. Visit fixnorthi25.com to view a map of the improvements, track the latest project updates and contribute to the efforts!
Butterfly House coming to Fort Collins
A partnership between the City of Fort Collins, the Gardens on Spring Creek and the Westminster Butterfly Pavilion was recently announced as they plan to build a North American Butterfly House in Fort Collins. The new attraction featuring up to 400 free-flying butterflies and thousands of blooming flowers will be part of the Visitor’s Center at the Gardens on Spring Creek. You can learn more about the project at: http://www.fcgov.com/gardens/about-us/the-project/butterflies-at-the-gardens.