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Some Economist: Housing Driving NW Economy

Posted on December 9, 2005 by The Tim

Here’s a report on the opinion of yet another “senior economist,” this one from California. Keitaro Matsuda, senior economist for Union Bank of California, issued his December 2005 Economic Update for the Pacific Northwest on Wednesday.…• While the largest number of new jobs has come from the trade and transportation sector, construction was the fastest-growing…

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Pierce, Thurston Target New Construction

Posted on December 7, 2005 by The Tim

Here’s a pair of stories about local governments’ plan to up fees and permit costs for new construction. In Thurston County it’s “lot approval” while in Pierce County it’s “traffic fees.” Any way you cut it, it’s more taxes. Says the Olympian about Thurston County: And with $1.8 million in services the county can’t afford…

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South Sound Inventory Up, Prices Down

Posted on December 6, 2005 by The Tim

KOMO News and The Olympian must not have gotten November’s numbers last night like everyone else. Well, they’ve got them in hand now, so here for your reading pleasure (or frustration) are a couple more takes on November’s numbers, including a specific look at the South Sound, where prices were particularly stagnant: The holiday season,…

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King County Job Growth To Outpace Nation?

Posted on December 5, 2005 by The Tim

Business leaders seem optimistic about business growth prospects in the Puget Sound area, and as a result expect to see a “soft landing” in housing: A national economist predicted Thursday that job growth in King County will continue to outpace the nation as a whole next year. The forecast by Alison Lynn Reaser, chief economist…

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"Bubble? The only answer right now is no."

Posted on December 2, 2005 by The Tim

At an “economic symposium” Wednesday, Washington’s Employment Security Department chief economist Rick Kaglic explained his belief that the state economy is cruising along just dandily: The local and national housing boom as well as The Boeing Co.’s recovery have finally kicked Washington’s economy into high gear, according to the chief economist for the state’s Employment…

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