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Check out our 2017 Community Indicators Project!

Update:
 September Employment and Housing Data Now Available!



 

For another month, September housing data shows signs of improvement for local housing markets. Within the county, all cities had gains in September with Carpinteria's home values growing the largest (1.2%). Montecito, Carpinteria, and Lompoc have all had growth rates above 5.9% in the past year, while the rest of the county has had growth rates below 3.1%. In addition, Santa Barbara's Zillow Home Value Index (ZHVI) grew by 1.0% in September, which was double the growth for both California (0.5%) and the United States (0.4%); although, the year over year growth (3.1%) still falls far below that of California (7.1%) and the United States (6.9%). The market health index -- Zillow's measure of market healthiness that ranges from 0 to 10 and is based on a combination of home value growth, foreclosure rates, home equity, and market inventories -- improved from 7.6 to 8.95. See all the numbers and remaining housing data here.


 

September employment data shows continued weakness in Santa Barbara County labor markets. The unemployment rate, which is currently at 4.9%, has increased by 0.4 percentage points since May. Over the last month, Government employment has shown the largest increase (18.8%) with Leisure and Hospitality (14.0%) while the Information and the Transportation, Warehousing, and Utilities industries experienced the least amount of growth at 2.4% and 1.6%, respectively. Total nonfarm payrolls increased by 0.2% in September. See all the numbers and remaining employment data here.

Recent Content

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View the latest housing and employment data.  
  • Latest Employment Data: 9/15/2017
  • Latest Housing Data: 9/20/2017
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Check out coverage and full presentations from our 2017 South County and North County Economic Summits.

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Read articles describing the latest local data and articles discussing various features of the local economy (seasonality, banking industry concentration, etc.).