Home Sales in Omaha Nebraska - PDF by xvd48382

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									          GREATER OMAHA INDICATORS
    LOCAL ECONOMY                                                                                                         Published October 2010


                          Total Non-Farm Employment,                                          •     Total employment in Greater Omaha edged
                            Omaha MSA: 2010 v 2009                                                  downwards by 0.1 percent in September.
                        (thousands, seasonally adjusted)                                            Private sector employment decreased by 0.1
    500                                                                                             percent, also.
                                                                           2010   2009
                                                                                              •     The Financial Activities, Professional and
    450
                                                                                                    Business Services, Education and Healthcare
                                                                                                    Services and Leisure and Hospitality sectors
    400
                                                                                                    posted month-to-month increases.
    350                                                                                       •     The rate of unemployment edged upwards in
                                                                                                    September to 5.2 percent.
    300                                                                                       •     Home sales declined by 1.5 percent in
                                                                                                    September. Single-family permits advanced
    250                                                                                             8.6 percent for the month.
                                                                                              •     Net Taxable Sales posted a 0.4 percent
    200                                                                                             decrease in June but are still up 2.9 percent
          Jan Feb Mar Apr May Jun                         Jul Aug Sep Oct Nov Dec
          Source: U.S. Bureau of Labor Statistics; Greater Omaha Chamber                            compared to the same month last year.


    NATIONAL ECONOMY                                                                         AREA HIGHLIGHTS

•    Increasing at an annual rate of 2.0 percent, 3Q                                              Greater Omaha and Nebraska Rank High on
     Real Gross Domestic Product printed as                                                       Several National Lists
     expected, albeit at the low end of our range.
                                                                                                  The Omaha metro area and the state of Nebraska
•    Core retail sales (appliances, electronics, general                                          have recently been recognized by several national
     merchandise, clothing and sporting goods and                                                 outlets. Omaha ranked third on the “Best Cities to
     hobby items) increased by 0.2 percent in                                                     Move to in America” list from BestPlaces.net, citing
     September and continue to point to year-over-                                                the city as a great example of a place that avoided
     year holiday sales in the 2.0 to 3.0 percent range.                                          the booms and busts, and having a lot of stability.
                                                                                                  Omaha was also included on a list of the “Fastest
•    September shipments of non-defense capital                                                   Growing Cities” (Forbes), a list of the “15 Best
     goods, excluding aircraft (a proxy for business                                              Cities to Restart Your Career” (Business Insider)
     capital expenditures), increased 0.4 percent – the                                           and was ranked 5th on the list of “Best States for
     eighth consecutive monthly gain and are up 12.7                                              Drivers” (Forbes).
     percent on a year-over-year basis.
                                                                                                  Nebraska was ranked #6 in the Beacon Hill
•    The housing sector perked up in September with                                               Institute’s annual State Competitiveness Report.
     new single-family homes sales, existing home                                                 The ranking is based on indicators in eight areas:
     sales and housing starts all posting increases.                                              government and fiscal policy, security,
                                                                                                  infrastructure, human resources, technology,
                                                                                                  business incubation, openness and environmental
                                                                                                  policy. The state also ranked 9th in Forbes’ list of
                                                                                                  the “Best States for Business and Careers.”
                                                                                                  Nebraska ranked 2nd on the “Best States for
                                                                                                  Drivers” list from Forbes.


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                        Total Private Employment,
                        Omaha MSA: 2010 v 2009                                                     Unemployment Rate, Omaha MSA: 2010 v 2009
                    (thousands, seasonally adjusted)                                                       (% , seasonally adjusted)
420                                                                                       6
                                                                       2010   2009                                                                                  2010                2009

400                                                                                       5


380                                                                                       4


360                                                                                       3


340                                                                                       2


320                                                                                       1


300                                                                                       0
      Jan Feb Mar Apr May Jun                         Jul Aug Sep Oct Nov Dec                     Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
      Source: U.S. Bureau of Labor Statistics; Greater Omaha Chamber                              Source: U. S. Bureau of Labor Statistics; Nebraska Department of Labor; Greater Omaha Chamber


                 Net Taxable Sales, Nebraska Counties
                    in the Omaha MSA*: 2010 v 2009                                                        Home Sales, Omaha MSA: 2010 v 2009
                   ($s millions, seasonally adjusted)                                                  (thousands, seasonally adjusted annual rate)
800                                                                                       12
                                                                       2010   2009                                                                                   2010                 2009

750                                                                                       10


700                                                                                        8

650                                                                                        6

600                                                                                        4

550                                                                                        2

500                                                                                        0
       Jan Feb Mar Apr May Jun                         Jul Aug Sep Oct Nov Dec                      Jan Feb Mar Apr May Jun                         Jul Aug Sep Oct Nov Dec
      *Cass, Douglas, Sarpy, Saunders and Washington counties                                     Source: Omaha Area Board of Realtors; Southwest Iowa Association of Realtors




Single-Family Residential Permits, Omaha MSA: 2010 v 2009                                          Non-Residential Permits, Omaha MSA: 2010 v 2009
       (thousands, seasonally adjusted annual rate)                                               (number of permits, seasonally adjusted annual rate)
  5                                                                                      1000
               2010                2009                                                                                                                                                   2010
                                                                                                                                                                                          2009
  4                                                                                      800


  3                                                                                      600


  2                                                                                      400


  1                                                                                      200


  0                                                                                           0
      Jan Feb Mar Apr May Jun                         Jul Aug Sep Oct Nov Dec                       Jan Feb Mar Apr May Jun                         Jul Aug Sep Oct Nov Dec




                                                                                     2
    Greater Omaha Indicators                               Sep 10      Aug 10     Jul 10       Jun 10     May 10     Apr 10     Mar 10     Feb 10     Jan 10     Dec 09     Nov 09     Oct 09     Sep 09
    Labor Market: Household Survey
      Labor Force (#,sa)                                    448,698    448,956    449,237      449,510    449,760    449,860    449,831    449,650    449,412    449,267    449,485    450,083    450,801
      Employment (#,sa)                                     425,450    425,931    426,282      426,454    426,332    425,960    425,641    425,472    425,454    425,610    426,039    426,817    427,727
      Unemployment (#,sa)                                    23,248     23,025     22,955       23,056     23,428     23,900     24,190     24,178     23,958     23,657     23,446     23,265     23,074
      Unemployment Rate - Omaha (%, sa)                          5.2        5.1        5.1          5.1        5.2        5.3        5.4        5.4        5.3        5.3        5.2        5.2        5.1
      Unemployment Rate - Nebraska (%,sa )                       4.6        4.6        4.7          4.9        4.9        5.0        5.0        4.8        4.7        4.6        4.6        4.7        4.8
      Unemployment Rate - US (%, sa)                             9.6        9.6        9.5          9.5        9.7        9.9        9.7        9.7        9.7      10.0       10.0       10.2         9.8
    Labor Market: Establishment Survey
      Total Employment (000s, sa)                             455.7      456.0      456.1        455.9      455.3      454.2      453.3      452.8      452.8      453.3      454.2      455.4      456.6
      Private Employment (000s, sa)                           390.1      390.4      390.5        390.3      389.7      388.9      388.2      388.0      388.2      388.8      389.7      390.7      391.7
       Construction/Mining (000s, sa)                          20.8       21.1       21.3         21.5       21.6       21.7       21.9       22.2       22.5       22.8       23.1       23.4       23.6
       Manufacturing (000s, sa)                                31.1       31.1       31.1         31.1       31.2       31.2       31.2       31.2       31.2       31.2       31.2       31.1       31.1
       Trade, Trans. and Utilities (000s, sa)                  94.4       94.6       94.9         95.0       94.9       94.5       94.0       93.6       93.5       93.5       93.6       93.8       94.1
       Information (000s, sa)                                  10.7       10.7       10.7         10.7       10.8       10.8       10.9       11.0       11.1       11.2       11.3       11.4       11.4
       Financial Activites (000s, sa)                          39.3       39.2       39.2         39.1       39.0       38.9       38.9       38.9       39.1       39.3       39.5       39.6       39.7
       Prof. and Business Services (000s, sa)                  62.4       62.3       62.2         62.0       61.8       61.5       61.4       61.2       61.2       61.1       61.3       61.6       61.9
       Educ. and Health Services (000s, sa)                    69.3       69.2       69.2         69.1       68.9       68.8       68.8       68.8       68.8       68.8       68.8       68.8       68.9
       Leisure and Hospitality (000s,sa )                      45.1       45.0       44.9         44.8       44.7       44.5       44.3       44.2       44.1       44.1       44.1       44.2       44.3
       Other Services (000s, sa)                               17.0       17.0       17.0         17.0       17.0       16.9       16.9       16.8       16.8       16.8       16.8       16.8       16.8
       Government (000s, sa)                                   65.6       65.7       65.7         65.6       65.5       65.3       65.1       64.8       64.6       64.5       64.5       64.7       64.8
    Construction Permits
     Total Permits (#, sa)                                      209        205        189          219        195        297        314        411        346        477        350        293        195
                                                                                                                                                                                                             Bellevue, Papillion, La Vista and Sarpy, Douglas, Cass and Washington counties.




        Valuation ($000, nsa)                                51,552     60,177     43,323       78,487     44,919     74,414    163,998     54,327     62,664     82,848     61,209     51,119     46,436
      Single-Family Residential Permits (#, sa)                 126        116        109          139        116        218        239        340        280        412        286        231        130




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        Valuation ($000, nsa)                                27,457     24,030     24,241       32,318     25,319     42,997     35,054     39,202     23,694     25,824     23,904     32,429     26,066
      Non-Residential Permits (#, sa)                            78         79         79           79         79         78         75         71         66         62         61         62         63
        Valuation ($000, nsa)                                20,520     29,759     18,868       42,655     19,600     29,947    128,944     15,126     38,971     50,357     35,860     18,690     13,531
     Multi-Family Residential Units (#, nsa)                     35        112          4           41          0         24          0          0          0         83         22          0         53
        Valuation ($000, nsa)                                 3,575      6,389        214        3,514          0      1,471          0          0          0      6,667      1,445          0      6,839
    New and Existing Home Sales
     Total Sales (#, sa)                                       815        827         833         885        921        924        896        859        835         836       856        878        887
     Total Value ($mm, nsa)                                   125.2      125.4      116.6        206.7      201.0      166.3      126.9       73.2       65.1       96.0      150.9      173.5      163.5
    Utilities
     Electricity Customers (#, nsa)                                    346,948    346,912      346,066    346,529    345,932    346,323    346,487    346,163    345,768    345,080    344,531    343,504
     Total Electricity Sold (mwh, 000s, sa)                            973,215    955,026      936,995    921,073    909,326    900,844    890,600    874,698    851,882    829,595    815,374    814,104
    Transportation
      Airline Passengers (000s, sa)                           360.0      359.5      358.6        357.6      356.1      354.0      351.3      348.6      346.7      346.2      347.0      348.4      349.8
      Airline Cargo (mm lbs., sa)                               8.3        8.3        8.2          8.1        8.1        8.1        8.1        8.1        8.0        8.0        8.0        8.0        8.2
    Commerce
     Net Taxable Sales ($mm, sa)                                                    766.5        769.6      771.2      771.5      768.8      762.7      753.4      743.3      735.5      732.1      733.9
     Motor Vehicles ($mm, sa)                                                        95.4         95.3       95.0       94.7       94.3       94.0       93.7       93.4       93.0       92.6       92.2
    Prices
     Consumer Price Index - U.S. (yr/yr %, nsa)                 1.1         1.1          1.2       1.1        2.0        2.2        2.3        2.1        2.6        2.7        1.8        -0.2       -1.3
     CPI - Midwest (yr/yr %, nsa)                               1.6         1.5          1.7       1.2        2.4        2.7        2.6        2.5        2.9        3.0        2.2        -0.2       -1.7
     Personal Consumption Expenditure Index (yr/yr %, sa)                   1.5          1.5       1.4        2.1        2.3        2.5        2.3        2.5        2.4        1.7         0.3       -0.5
     PCE Index, ex Food & Energy (yr/yr %, sa)                              1.4          1.4       1.4        1.5        1.5        1.8        1.7        1.8        1.8        1.7         1.6        1.3
    Note: sa = seasonally adjusted; nsa = not seasonally adjusted; na = not available.
                                                                                                                                                                                                             Sources: Nebraska Department of Labor, U.S. Department of Labor, M.U.D., O.P.P.D., Nebraska Department of Revenue, Omaha Airport Authority, Omaha World-Herald,
                                                                                                                                                                                                             Omaha Area Board of Realtors, Southwest Iowa Association of Realtors, City of Omaha and the cities of Council Bluffs, Blair, Plattsmouth, Glenwood, Gretna, Springfield,
                 BUSINESS BAROMETER
The following companies are new or have recently expanded operations in the Greater Omaha metro area.
Announcements in this list have been gathered from public releases and the local media. Investment estimates are based
on public announcements, while employment is based on public announcements and industry averages.
September 2010 New and Expanding Companies
Company                        Location (approximate)      Product                 Investment           Added Employment
Melina’s Mexican Salsa
   & Chips                     11075 S. 204th St.         Chips & salsa mfg               NA                      NA
The Side Door Lounge           36th & Leavenworth         Bar                             NA                       5
Right at Home                  6464 Center St.            Senior care co.                 NA                      NA
The Tile Shop                  132nd & Center             Tile store                      NA                      15
Worker’s Take-Out/
    Scooter’s Coffeehouse      1620 Dodge St.             Restaurant                      NA                       10
Baja Grill                     2523 S. 140th Ave.         Restaurant                      NA                       15
Allshore Global Resources      TBD                        IT staffing                      NA                       1
West Corp.                     11808 Miracle Hills Dr.    Call center                     NA                      200
Morning, Noon & Night          Shadow Lake Towne Center   Restaurant & bar                NA                      15
Blue Waves Martial Arts        14205 U St.                Martial arts classes            NA                       5
Precision Compounding          15722 W. Center Rd.        Compounding pharmacy            NA                       3
Chocolate Peacock              2947 S. 108th St.          Women’s clothing store          NA                       3
Papillion Montessori School    780 Pinnacle Dr.           School                          NA                       5
Denim Saloon                   4914 Underwood Ave.        Clothing store                  NA                       2
The Montessori Int’l School
   of the Plains               7020 Cass St.              Private school               NA                           2
M7 Marketing                   TBD                        Transportation solutions     NA                          1
The Capitol                    1011 Capitol Ave.          Bar & restaurant             NA                          10
Tommy Colina’s Kitchen         3558 Farnam St.            Restaurant                   NA                           5
Christian Brothers Auto        TBD                        Auto repair shop             NA                           5
Rexius Nutrition               120th & W. Center Rd.      Vitamin & supp. retailer     NA                           5
Beansmith                      12012 Roberts Rd.          Coffee roasting co.          NA                          3
CVS Pharmacy                   49th & Dodge Sts.          Pharmacy                 $5,000,000                      20
Callahan Financial Planning    3157 Farnam St.            Investment mgmt co.          NA                          3
Good Feet Worldwide            7812 Dodge St.             Shoe store                   NA                          5
Panda Express                  8760 S. 71st Plaza         Restaurant                   NA                          15
Ingredient                     One Pacific Place           Restaurant                   NA                          20
Papio-Missouri River
   Natural Resource District   10th & Wilbur Sts.         Service center             $1,850,000                   NA
Custom Cruises & Travel        10914 Elm St.              Travel agency                  NA                        4
John A. Gentleman
   Mourtuaries                 3402 Samson Way            Mortuary                    $600,000                    NA

                                                          Total YTD 2010           $185,810,000                  4,472


                                                           1301 Harney St. | Omaha, NE 68102 | (402) 346-5000 | (800) 852-2622
                                                        Scott Strain, senior director of research | sstrain@selectgreateromaha.com
                                                                 Marja Ricci, research associate | mricci@selectgreateromaha.com
                                                                                    SelectGreaterOmaha.com | OmahaChamber.org

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