NW Ark. economic picture mixed | Arkansas Blog

Friday, August 4, 2006

NW Ark. economic picture mixed

Posted By on Fri, Aug 4, 2006 at 9:22 AM

The top economic researcher at UofA's Walton College of Business, Jeff Collinstalks cautiously about the Northwest Arkansas economy.

A University of Arkansas at Fayetteville economist painted stagnant wages, higher interest rates and gas prices, along with an oversupplied residential housing market, into Northwest Arkansas’ second-quarter picture. ...

Northwest Arkansas’ economy has been positive on most fronts. Collins based his comments on the upward-trending employment figures and housing stock numbers for the region.

But how well the region maintains its prosperity will depend, in part, on the effects of higher gas prices and interest rates.

“Over the next couple of quarters, we’ll have to see how much of a lasting effect higher energy prices and interest rates will have,” he said.

On the consumer side, rising interest rates tend to slow home-buying since some buyers cannot afford a more expensive property and others delay purchases, Collins said.

However, on housing’s supply side, the second quarter brought a slowdown. Home builders saw the amount of unoccupied housing increase a modest 5.5 percent in Washington County compared with 127 percent in Benton County in the year-over-year comparison, UA data showed.

From the ArkTimes store

Favorite

Comments (8)

Showing 1-8 of 8

Add a comment

 
Subscribe to this thread:
Showing 1-8 of 8

Add a comment

More by Warwick Sabin

  • Helena's disappearing buildings

    Preservationists hope to slow demolitions.
    • Mar 22, 2007
  • Trailers headed to Dumas

    Gov. Mike Beebe issued the following statement earlier today: Although this decision by FEMA to deny emergency funds to Desha County defies common sense, Arkansas will take care of its own people.
    • Mar 9, 2007
  • Youth Ranch robbed, vandalized

    According to a press release we just received: The Donald W. Reynolds Campus of the Arkansas Sheriff’s Youth Ranches (The Ranch) located near Fort Smith was vandalized overnight Thursday.  Items stolen during the break-in included all of the children’s saddles, food, tools and supplies from The Ranch’s carpentry shop and all equipment from its auto shop.  An investigation is underway with the Crawford County Sheriff’s Office.
    • Mar 9, 2007
  • More »

Readers also liked…

  • Charter school accountability: Non-existent in Arkansas

    A state audit finds charter school spending violated state law, but the state Education Department says it has no responsibility for ensuring proper management of charter schools. Say what?
    • Mar 5, 2016
  • Policy group urges opposition to new charter seats in Little Rock

    The Arkansas Public Policy Panel is urging supporters of the Little Rock School District to tell state Board of Education members they oppose applications to be heard this week to dramatically expand the number of charter school seats in the Little Rock School District.
    • Mar 9, 2016
  • More on how highways were used to wipe out "blight" of non-white neighborhoods

    Vox, a news website that concerns itself with energy and other issues, has a fine piece, including before and after images, on the history of the U.S. interstate system and why roads were built through the middle of cities (unless people of influence stopped them — see Manhattan, San Francisco and Washington, D.C.)
    • Mar 22, 2016

Most Shared

Most Viewed

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation