A crucial requirement for understanding economic statistics is to compare them to something: historical data, data for other markets, or state or national averages. Economic cycles can be very long, so community bankers should typically look at annual data going back at least 10 years and monthly data going back at least 5 years. A sample of the measures your community bank can use to assess the economic and real estate conditions in the US and 315 of its local markets are: 1. population growth, 2. population profile, 3. population migration, 4. job growth, 5. job-sector concentration, 6. income growth, 7. building permits, 8. residential vacancy rates, 9. home prices, 10. unemployment rates, 11. delinquency rates, and 12. do-it-yourself equilibrium home price.
vantage point StAtS GrAphIC 1 – populAtIon Growth 2001 2002 2003 2004 2005 2
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