Category Archives: Columbus Economy

October and November 2013 Jobs Data

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November 2013 jobs data

October and November 2013 jobs data comes from the Bureau of Labor Statistics. The data includes up-to-date employment and unemployment figures.

October 2013

Columbus City
Unemployment Rate: 6.2%
Unemployment Rate Change since October 2012: +0.6%
Unemployment Rate Change since January 2013: -0.6%
Civilian Labor Force: 430,800
Civilian Labor Force Change since October 2012: +1,300
Civilian Labor Force Change since January 2013: +4,400
Employment: 404,000
Employment Change since October 2012: -1,600
Employment Change since January 2013: +6,700
Unemployment: 26,800
Unemployment Change since October 2012: +2,900
Unemployment Change since January 2013: -2,300

Franklin County
Unemployment Rate: 6.2%
Unemployment Rate Change since October 2012: +0.6%
Unemployment Rate Change since January 2013: -0.6%
Civilian Labor Force: 630,000
Civilian Labor Force Change since October 2012: +1,700
Civilian Labor Force Change since January 2013: +6,300
Employment: 590,900
Employment Change since October 2012: -2,400
Employment Change since January 2013: +9,900
Unemployment: 39,200
Unemployment Change since October 2012: +4,200
Unemployment Change since January 2013: -3,400

Columbus Metro Area
Unemployment Rate: 6.1%
Unemployment Rate Change since October 2012: +0.6%
Unemployment Rate Change since January 2013: -0.9%
Civilian Labor Force: 975,506
Civilian Labor Force Change since October 2012: +2,253
Civilian Labor Force Change since January 2013: +7,601
Employment: 915,686
Employment Change since October 2012: -3,699
Employment Change since January 2013: +15,230
Unemployment: 59,820
Unemployment Change since October 2012: +5,952
Unemployment Change since January 2013: -7,629

Ohio Overall
Unemployment Rate: 7.5%
Unemployment Rate Change since October 2012: +0.6%
Unemployment Rate Change since January 2013 : +0.5%
Civilian Labor Force: 5,727,346
Civilian Labor Force Change since October 2012: -2,337
Civilian Labor Force Change since January 2013: -12,946
Employment: 5,300,458
Employment Change since October 2012: -33,230
Employment Change since January 2013: -40,394
Unemployment: 426,888
Unemployment Change since October 2012: +30,893
Unemployment Change since January 2013: +27,448

Metro Non-Farm Jobs
Total: 969,600
Change from October 2012: +9,600
Change from January 2013: +26,000

By Industry
Mining/Logging/Construction Total: 31,800
Change from October 2012: +1,200
Change from January 2013: +4,900

Manufacturing Total: 66,200
Change from October 2012: +700
Change from January 2013: +1,200

Trade/Transportation/Utilities Total: 184,500
Change from October 2012: +1,800
Change from January 2013: +1,300

Information Total: 16,100
Change from October 2012: -300
Change from January 2013: -400

Financial Activities Total: 72,400
Change from October 2012: +1,000
Change from January 2013: +700

Professional and Business Services Total: 161,800
Change from October 2012: +700
Change from January 2013: +6,200

Education and Health Services Total: 141,500
Change from October 2012: +3,500
Change from January 2013: +2,000

Leisure and Hospitality Total: 98,300
Change from October 2012: +3,400
Change from January 2013: +9,800

Other Services Total: 35,800
Change from October 2012: -1,500
Change from January 2013: -400

Government Total: 161,200
Change from October 2012: -900
Change from January 2013: +700

November 2013

Columbus City
Unemployment Rate: 6.1%
Unemployment Rate Change since November 2012: +0.7%
Unemployment Rate Change since January 2013: -0.7%
Civilian Labor Force: 433,700
Civilian Labor Force Change since November 2012: +4,500
Civilian Labor Force Change since January 2013: +7,300
Employment: 407,100
Employment Change since November 2012: +1,000
Employment Change since January 2013: +9,800
Unemployment: 26,600
Unemployment Change since November 2012: +3,500
Unemployment Change since January 2013: -2,500

Franklin County
Unemployment Rate: 6.1%
Unemployment Rate Change since November 2012: +0.7%
Unemployment Rate Change since January 2013: -0.7%
Civilian Labor Force: 634,400
Civilian Labor Force Change since November 2012: +6,800
Civilian Labor Force Change since January 2013: +10,700
Employment: 595,400
Employment Change since November 2012: +1,400
Employment Change since January 2013: +14,400
Unemployment: 39,000
Unemployment Change since November 2012: +5,400
Unemployment Change since January 2013: -3,600

Columbus Metro Area
Unemployment Rate: 6.1%
Unemployment Rate Change since November 2012: +0.8%
Unemployment Rate Change since January 2013: -0.9%
Civilian Labor Force: 981,927
Civilian Labor Force Change since November 2012: +9,454
Civilian Labor Force Change since January 2013: +14,022
Employment: 921,937
Employment Change since November 2012: +1,470
Employment Change since January 2013: +21,481
Unemployment: 59,990
Unemployment Change since November 2012: +7,984
Unemployment Change since January 2013: -7,459

Ohio Overall
Unemployment Rate: 7.4%
Unemployment Rate Change since November 2012: +0.6%
Unemployment Rate Change since January 2013 : +0.4%
Civilian Labor Force: 5,734,909
Civilian Labor Force Change since November 2012: +6,424
Civilian Labor Force Change since January 2013: -5,383
Employment: 5,307,912
Employment Change since November 2012: -30,979
Employment Change since January 2013: -32,940
Unemployment: 426,997
Unemployment Change since November 2012: +37,403
Unemployment Change since January 2013: +27,557

Metro Non-Farm Jobs
Total: 975,000
Change from November 2012: +9,000
Change from January 2013: +31,400

By Industry
Mining/Logging/Construction Total: 32,300
Change from November 2012: +1,900
Change from January 2013: +5,400

Manufacturing Total: 66,000
Change from November 2012: +300
Change from January 2013: +1,000

Trade/Transportation/Utilities Total: 189,200
Change from November 2012: -700
Change from January 2013: +6,000

Information Total: 16,200
Change from November 2012: -300
Change from January 2013: -300

Financial Activities Total: 72,100
Change from November 2012: -500
Change from January 2013: +400

Professional and Business Services Total: 161,800
Change from October 2012: +700
Change from January 2013: +6,200

Education and Health Services Total: 143,700
Change from November 2012: +4,700
Change from January 2013: +4,200

Leisure and Hospitality Total: 95,600
Change from November 2012: +2,700
Change from January 2013: +7,100

Other Services Total: 35,800
Change from November 2012: -800
Change from January 2013: -400

Government Total: 162,600
Change from November 2012: -900
Change from January 2013: +2,100



Housing Market Update November 2013

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housing market update November 2013 Columbus, Ohio

November home sales were down in Central Ohio for the 2nd straight month according to the Housing Market Update November 2013 data from Columbus Realtors. One main reason seems to be the culprit: There just aren’t enough houses to go around. Hot urban markets simply have a limited stock of homes with very few going up for sale at any one time, and builders still have not been building very much since the recession. Combined, the total number of homes for sale has declined to levels not seen since the early 2000s. This explains why most markets are still seeing gains in home prices while overall sales have fallen from the year before.

The bottom line is that demand is outpacing supply, and that situation doesn’t look to change anytime soon, especially in the urban core.

Here are the stats for the 21 major areas of Franklin County that I look at housing stats for.

Top 10 November 2013 Sales Totals
1. Columbus: 701
2. Dublin: 52
3. Clintonville: 49
4. Gahanna: 38
5. Upper Arlington: 38
6. Hilliard: 36
7. Reynoldsburg: 36
8. Grove City: 35
9. Westerville: 31
10. Canal Winchester: 20

Top 10 November 2013 Sales Increases over November 2012
1. Downtown: +50.0%
2. Grandview Heights: +14.3%
3. Clintonville: +6.5%
4. Hilliard: +5.9%
5. Minerva Park: +0.0%
6. New Albany: +0.0%
7. Obetz: +0.0%
8. Gahanna: -2.6%
9. Reynoldsburg: -5.3%
10. Grove City: -5.4%

Top 10 Year-to-Date Sales Through November 2013
1. Columbus: 9,561
2. Dublin: 747
3. Upper Arlington: 678
4. Clintonville: 656
5. Westerville: 580
6. Grove City: 568
7. Hilliard: 533
8. Gahanna: 494
9. Reynoldsburg: 466
10. Pickerington: 291

Top 10 Year-to-Date Increases Through November 2013 Over 2012
1. Minerva Park: +46.2%
2. Pataskala: +31.3%
3. Gahanna: +30.3%
4. Reynoldsburg: +28.0%
5. Whitehall: +27.3%
6. Hilliard: +27.2%
7. Clintonville: +24.2%
8. Grove City: +23.7%
9. Westerville: +23.4%
10. Bexley: +22.5%
10. Downtown: +22.5%

Average Sales November 2013
Urban: 79
Suburban: 28.7
Urban without Columbus: 16.8

Average % Change November 2013 vs. November 2012
Urban: -7.1%
Suburban: -11.6%
Urban without Columbus: -6.5%

Average YTD Sales Through November 2013
Urban: 1,097.7
Suburban: 435.9
Urban without Columbus: 251.4

Average YTD % Change YTD Through November 2013
Urban: +14.9%
Suburban: +19.9%
Urban without Columbus: +14.4%

Top 10 Average Sales Price November 2013
1. New Albany: $614,687
2. Bexley: $456,365
3. Dublin: $344,341
4. Upper Arlington: $326,913
5. Downtown: $302,464
6. Worthington: $296,328
7. German Village: $271,656
8. Grandview Heights: $257,001
9. Pataskala: $196,158
10. Hilliard: $193,756

Top 10 Average Sales Price % Change November 2013 Over November 2012
1. Worthington: +59.6%
2. Pataskala: +38.0%
3. Downtown: +36.7%
4. Bexley: +32.5%
5. Obetz: +30.8%
6. New Albany: +28.6%
7. Dublin: +21.6%
8. Whitehall: +10.1%
9. Minerva Park: +10.0%
10. Pickerington: +10.0%

Top 10 Average Sales Prices YTD Through November 2013
1. New Albany: $541,931
2. Upper Arlington: $364,369
3. Bexley: $351,282
4. Dublin: $335,164
5. German Village: $297,832
6. Downtown: $286,470
7. Worthington: $249,979
8. Grandview Heights: $226,458
9. Hilliard: $215,966
10. Gahanna: $198,612

Top 10 Average YTD Sales Price % Change Through November 2013 vs. 2012
1. Whitehall: +17.2%
2. Minerva Park: +17.1%
3. Downtown: +15.5%
4. Upper Arlington: +13.0%
5. Obetz: +12.3%
6. Gahanna: +11.6%
7. Reynoldsburg: +8.5%
8. New Albany: +8.3%
9. Worthington: +8.1%
10. Bexley: +4.9%

Average Sales Price November 2013
Urban: $227,811
Suburban: $229,942
Urban without Columbus: $238,166

Average Sales Price Change November 2012 vs. November 2012
Urban: +12.5%
Suburban: +6.0%
Urban without Columbus: +13.7%

Average Sales Price YTD
Urban: $217,072
Suburban: $223,394
Urban without Columbus: $226,041

Average Sales Price % Change YTD
Urban: +6.3%
Suburban: +4.9%
Urban without Columbus: +6.6%

Top 10 Fastest Selling Markets November 2013 (Based on Average # of Days for Listings to Sell)
1. Grandview Heights: 15
2. Westerville: 38
3. Clintonville: 40
4. Upper Arlington: 44
5. Hilliard: 47
6. Bexley: 49
7. Worthington: 57
8. Whitehall: 61
9. Dublin: 62
10. Minerva Park: 65
10. Obetz: 65

Top 10 Fastest Selling Markets YTD
1. Worthington: 40
2. Grandview Heights: 44
3. Upper Arlington: 45
4. Clintonville: 50
5. Westerville: 52
6. Hilliard: 54
7. Bexley: 58
8. Gahanna: 59
9. Dublin: 62
10. Grove City: 64

Average # of Days Before Sale, November 2013
Urban: 57.4
Suburban: 89.4
Urban without Columbus: 56.3

Average # of Days Before Sale YTD
Urban: 60.6
Suburban: 62.7
Urban without Columbus: 60.2

Top 10 Lowest Market Housing Supplies (Based on # of Months to Sell all Listings)
1. Worthington: 1.6
2. Upper Arlington: 2.1
3. Hilliard: 2.2
4. Minerva Park: 2.2
5. Bexley: 2.3
6. Clintonville: 2.4
7. Westerville: 2.4
8. Gahanna: 2.6
9. German Village: 2.6
10. Grandview Heights: 2.6

A healthy housing supply is considered to be around 5 months. Anything less than 3 months is considered very low. All of the 21 areas I looked at were below 5 months, indicating a county-wide shortage.

Average # of Months to Sell All Listings, November 2013
Urban: 2.8
Suburban: 3.6
Urban without Columbus: 2.7

Average % Change of Single-Family Home Sales November 2013 vs. November 2012
Urban: -1.7%
Suburban: -12.6%
Urban without Columbus: -0.5%

Average % Change of Single-Family Home Sales YTD vs. YTD 2012
Urban: +9.3%
Suburban: +19.4%
Urban without Columbus: +8.2%

Average % Change of Condo Sales November 2013 vs. November 2012
Urban: +23.3%
Suburban: +52.8%
Urban without Columbus: +26.6%

Average % Change of Condo Sales YTD vs. YTD 2012
Urban: +27.6%
Suburban: +26.4%
Urban without Columbus: +28.3%



Franklin County Home Values and Gentrification

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Home values are, in part, tied to how well a neighborhood is performing. In the case of urban neighborhoods, how home values change over time may be a good indication of how that neighborhood is revitalizing. I looked at median home values by census tract for the years 2000 and 2010. Here is the map of how values changed during that period.
Franklin County home values
What the different colors indicate are different levels of performance, obviously. Yellow and oranges indicate decline, which few areas experienced. Light green, which makes up quite a bit of the suburban areas in and outside 270, indicates mostly stability or slow growth (but below average) in home values. Dark green is average to a bit above average growth. Blues and purple are high growth areas.

What the map shows it that the strongest growth in median home values occurred in the urban core neighborhoods, especially along the High Street corridor. Pockets of strong growth also occurred around Easton and sporadically in some suburban areas. What this says, particularly for the urban core, is that quite a few neighborhoods are on the rise. Grandview, Upper Arlington, the Short North, Campus, Clintonville, German and Merion Villages, the western half of Weinland Park, Downtown, and the Near East Side around Franklin Park were some of the best performing areas. This would seem to indicate that strong gentrification is taking place.



Cool Link: Global Forests Change

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Cool link: Global forests change

http://earthenginepartners.appspot.com/science-2013-global-forest

Although not specific to Columbus, the link is a great global resource. It shows global forests change over time, all the way down practically to the individual tree.
The map is so detailed that it shows the loss of trees at the Scioto Riverfront when they were removed to rebuild Bicentennial Park as part of the Scioto Mile.
So check it out!



Columbus Housing Market October 2013

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Columbus Housing Market October 2013

The latest numbers for the Columbus housing market from Columbus Realtors.

LSD=Local school district
CSD=City school district

Top 15 Most Expensive Locations by Median Sales Price in October 2013
1. New Albany: $445,900
2. Upper Arlington CSD: $358,000
3. Downtown: $330,000
4. Powell: $305,000
5. Dublin: $302,125
6. Jefferson LSD: $292,500
7. Olentangy LSD: $288,500
8. Granville CSD: $272,000
9. New Albany Plain LSD: $262,500
10. Worthington: $249,900
11. Buckeye Valley LSD: $246,250
12. Big Walnut LSD: $238,500
13. Beechwold/Clintonville: $230,000
14. Bexley: $225,875
15. German Village: $217,500

Top 15 Least Expensive Locations by Median Sales Price in October 2013
1. Whitehall: $42,500
2. Lancaster CSD: $75,250
3. Hamilton LSD: $83,450
4. Columbus CSD: $84,200
5. Newark CSD: $87,450
6. Groveport Madison LSD: $90,150
7. London CSD: $94,500
8. South-Western CSD: $95,000
9. Columbus: $104,500
10. Circleville CSD: $110,250
11. Blacklick: $134,251
12. Obetz: $134,950
13. Canal Winchester CSD: $135,000
14. Grove City: $135,000
15. Reynoldsburg CSD: $136,200

Overall Metro Median Sales Price in October 2013: $149,302
Median Sales Price Change October 2012-October 2013: -$3,183

Top 15 Locations with the Highest Median Sales Price % Growth Between October 2012-October 2013
1. Hamilton LSD: +85.4%
2. Jefferson LSD: +69.8%
3. Downtown: +63.8%
4. Reynoldsburg CSD: +54.4%
5. Obetz: +51.8%
6. Jonathan Alder LSD: +50.4%
7. Sunbury: +36.5%
8. Beechwold/Clintonville: +28.6%
9. Westerville CSD: +20.2%
10. Minerva Park: +19.4%
11. Marysville CSD: +19.4%
12. Lithopolis: +19.0%
13. Northridge LSD: +17.4%
14. Circleville CSD: +16.7%
15. Granville CSD: +15.6%

Top 15 Locations with the Lowest Median Sales Price % Growth Between October 2012-October 2013
1. German Village: -16.3%
2. Lancaster CSD: -16.3%
4. Buckeye Valley LSD: -14.9%
5. New Albany Plain LSD: -14.6%
6. Canal Winchester CSD: -14.6%
7. Grandview Heights: -14.2%
8. Hilliard: -12.8%
9. South-Western CSD: -11.4%
10. London CSD: -11.3%
11. Dublin CSD: -10.8%
12. Dublin: -10.3%
13. Whitehall: -7.6%
14. Gahanna Jefferson CSD: -5.6%
15. Johnstown Monroe LSD: -3.7%

Overall Metro Median Price % Change October 2012-October 2013: -2.1%

Top 10 Locations with the Most New Listings in October 2013
1. Columbus: 1,107
2. Columbus CSD: 691
3. Westerville CSD: 177
4. South-Western CSD: 169
5. Hilliard CSD: 158
6. Olentangy LSD: 157
7. Dublin CSD: 123
8. Groveport Madison LSD: 91
9. Worthington CSD: 79
10. Dublin: 73

Top 10 Locations with the Fewest New Listings in October 2013
1. Valleyview: 0
2. Lithopolis: 0
3. Minerva Park: 2
4. Jefferson LSD: 5
5. Obetz: 5
6. Sunbury: 5
7. Northridge LSD: 9
8. Jonathan Alder LSD: 9
9. German Village: 9
10. Grandview Heights: 10

Overall Metro New Listings in October 2013: 2,693
New Listings % Change October 2012-October 2013: +5.9%

Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in October 2013
1. Johnstown Monroe LSD: 30
2. Powell: 31
3. Buckeye Valley LSD: 32
4. Grandview Heights: 39
5. Minerva Park: 42
6. Beechwold/Clintonville: 45
7. Northridge LSD: 45
8. Olentangy LSD: 46
9. Westerville: 46
10. Jonathan Alder LSD: 47

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in March 2013
1. Circleville CSD: 118
2. London CSD: 107
3. Lancaster CSD: 106
4. Obetz: 105
5. Hamilton LSD: 96
6. New Albany CSD: 91
7. Granville CSD: 84
8. Jefferson LSD: 82
9. Big Walnut LSD: 81
10. Hilliard: 78
11. Reynoldsburg: CSD: 78

Overall Metro Average # of Days on Market Before Sale: 74.7

Top 10 Locations with the Best Change in # of Days on the Market Before Sale October 2012-October 2013
1. Lithopolis: +522.2%
2. Minerva Park: -77.25
3. Johnstown Monroe LSD: -74.6%
4. Buckeye Valley LSD: -71.7%
5. Jonathan Alder LSD: -69.1%
6. Grandview Heights: -64.2%
7. Powell: -62.7%
8. German Village: -61.2%
9. Northridge LSD: -54.5%
10. Pickerington LSD: -47.0%

Top 10 Locations with the Worst Change in the # of Days on the Market Before Sale October 2012-October 2013
1. Hamilton LSD: +190.9%
2. Obetz: +150.0%
3. Lancaster CSD: +86.0%
4. Sunbury: +50.0%
5. Circleville CSD: +45.7%
6. London CSD: +27.4%
7. New Albany: +14.6%
8. Worthington: +13.7%
9. Granville CSD: +9.1%
10. New Albany CSD: +8.3%

Overall Metro # of Days on Market Before Sale % Change October 2012-October 2013: -24.9%