2022 Economic Indicators: Q2 Release

Posted By: Ethan Walton Chamber News ,

With the second quarter of the year completed and Watauga County and the summer tourism season in full swing, the Boone Area Chamber of Commerce released its second Economic Indicators report of 2022.

This quarterly report examines five key statistics within the Watauga County & High Country Economy, featuring a summary of local impacts by Dr. Harry Davis, Appalachian State and North Carolina Bankers Association Professor and long-standing regional economist. The report also includes quick stats and commentary on local commercial real estate activity provided by James Milner, CCIMAppalachian Commercial Real Estate.

VIEW THE Q2 ECONOMIC INDICATORS REPORT HERE

Data was compiled for residential home sales, net sales tax calculations, unemployment, occupancy tax collections, commercial real estate permit applications and transactions, and applications for permits of new single-family homes. These figures include the most recent data released for each category as well as historical data to help establish trends and further context toward the area’s economic stability.

To contact Dr. Harry Davis for follow-up comments, please contact the Walker College of Business at Appalachian State University at 828-262-4030. For James Milner, email james@appalachiancre.com.

If you have questions for the chamber, contact us at 828-264-2225 or email david@boonechamber.com.