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Check out our 2017 Community Indicators Project!

Update:
 November Employment and Housing Data Now Available!



 

California's Market Health Index - which measures market healthiness from 0 to 10 and is based on a combination of home value growth, foreclosure rates, home equity, and market inventories - spiked from 7.92 to 9.38 in November, surpassing Santa Barbara County. The state and country housing markets show signs of improvement as the median home value for California and the U.S. grew to 97% and 104%, respectively, of their pre-recession peak. Santa Barbara County still remains only at 85% of its pre-recession peak with a wide disparity of recovery between the local housing markets. Lompoc and Santa Maria are the farthest away from reaching their pre-recession peak at 76% and 80%, respectively; on the other hand, Montecito has already exceeded it's peak by 25%.  See all the numbers and remaining housing data here.


 

October employment data shows promise for Santa Barbara County labor markets. The unemployment rate, which is currently at 4.2%, has decreased by 0.7 percentage points since September. Over the last month, Leisure and Hospitality employment has shown the largest increase (4.3%) with Government (2.0%) while the Other Services and the Transportation, Warehousing, and Utilities industries experienced the least amount of growth at -1.4% and -1.0%, respectively. Total nonfarm payrolls increased by 0.9% from September to October. 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.).