April 2014 Economic Indicators

Economic Indicators:

An Update for the 7 Rivers Region

This event is being streamed via the internet to a few small corners of the world. I’m thankful everyone took the time to come out to hear me announce…

Announcement

I am not running for President.

Announcement

Outline

Local Housing Market and Economics Indicators

A Tale of Three States

Governor Walker

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

-

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0 Total Number of Foreclosures Filed in: Jackson,

Juneau, La Crosse, Monroe, Trempealeau, Vernon

Counties

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

0

400

800

1,200

1,600

2,000 Total Single Family Listings Sold in the 7 Rivers Region

FOR SALE

1997-Jan1997-Feb1997-Mar1997-Apr1997-May1997-Jun1997-Jul1997-Aug1997-Sep1997-Oct1997-Nov1997-Dec1998-Jan1998-Feb1998-Mar1998-Apr1998-May1998-Jun1998-Jul1998-Aug1998-Sep1998-Oct1998-Nov1998-Dec1999-Jan1999-Feb1999-Mar1999-Apr1999-May1999-Jun1999-Jul1999-Aug1999-Sep1999-Oct1999-Nov1999-Dec2000-Jan2000-Feb2000-Mar2000-Apr2000-May2000-Jun2000-Jul2000-Aug2000-Sep2000-Oct2000-Nov2000-Dec2001-Jan2001-Feb2001-Mar2001-Apr2001-May2001-Jun2001-Jul2001-Aug2001-Sep2001-Oct2001-Nov2001-Dec2002-Jan2002-Feb2002-Mar2002-Apr2002-May2002-Jun2002-Jul2002-Aug2002-Sep2002-Oct2002-Nov2002-Dec2003-Jan2003-Feb2003-Mar2003-Apr2003-May2003-Jun2003-Jul2003-Aug2003-Sep2003-Oct2003-Nov2003-Dec2004-Jan2004-Feb2004-Mar2004-Apr2004-May2004-Jun2004-Jul2004-Aug2004-Sep2004-Oct2004-Nov2004-Dec2005-Jan2005-Feb2005-Mar2005-Apr2005-May2005-Jun2005-Jul2005-Aug2005-Sep2005-Oct2005-Nov2005-Dec2006-Jan2006-Feb2006-Mar2006-Apr2006-May2006-Jun2006-Jul2006-Aug2006-Sep2006-Oct2006-Nov2006-Dec2007-Jan2007-Feb2007-Mar2007-Apr2007-May2007-Jun2007-Jul2007-Aug2007-Sep2007-Oct2007-Nov2007-Dec2008-Jan2008-Feb2008-Mar2008-Apr2008-May2008-Jun2008-Jul2008-Aug2008-Sep2008-Oct2008-Nov2008-Dec2009-Jan2009-Feb2009-Mar2009-Apr2009-May2009-Jun2009-Jul2009-Aug2009-Sep2009-Oct2009-Nov2009-Dec2010-Jan2010-Feb2010-Mar2010-Apr2010-May2010-Jun2010-Jul2010-Aug2010-Sep2010-Oct2010-Nov2010-Dec2011-Jan2011-Feb2011-Mar2011-Apr2011-May2011-Jun2011-Jul2011-Aug2011-Sep2011-Oct2011-Nov2011-Dec2012-Jan2012-Feb2012-Mar2012-Apr2012-May2012-Jun2012-Jul2012-Aug2012-Sep2012-Oct2012-Nov2012-Dec2013-Jan2013-Feb2013-Mar2013-Apr2013-May2013-Jun2013-Jul2013-Aug2013-Sep2013-Oct2013-Nov2013-Dec2014-Jan2014-Feb2014-Mar$75,000

$100,000

$125,000

$150,000

$175,000

$200,000Average Price of Single Family Homes Sold in 7 Rivers Region

Jan-99 Jan-01 Jan-03 Jan-05 Jan-07 Jan-09 Jan-11 Jan-130.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0Number of Building Permits in La Crosse MSA

Total Permits

Single Unit Permits

Jan-92Jan-94Jan-96Jan-98Jan-00Jan-02Jan-04Jan-06Jan-08Jan-10Jan-12Jan-14100,000

110,000

120,000

130,000

140,000

150,000

160,000

170,000

180,000

190,000Real Retail and Food Services Sales

Millions of Seasonally Adjusted Dollars

Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Jan-14$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

$1,100,000

$1,200,000La Crosse County Sales Tax Rebate

A Tale of Three States…

Population Median Income 65+ College Ed

5,742,713

5,420,380

3,090,416

14.4%

13.6%

15.3%

26.4%

32.2%

25.3%

$52,627

$59,126

$51,129

Governor Scott Walker

“

”

What are the opportunities for collaboration between Wisconsin and Minnesota and what can be learned from each other?

REGIONAL COLLABORATION

“

”

What can/should be done to address gaps in the skills/education of the workforce?

WORKFORCE DEVELOPMENT

“

”

What is the status of resolving the issue of Tax Reciprocity?

RECIPROCITY

“

”

What is the right balance between property, income, sales & use taxes?

TAXES

“

”

Wisconsin and Minnesota have taken different paths emerging from the Recession. Which path will be better in the long run?

Long Run

“

”

What can the states do to improve the region’s infrastructure?

INFRASTRUCTURE

QUESTIONS?

THANKS.PLEASE FILL OUT YOUR EVALUATIONS

Seasonally