2022 Economic Indicators: Q4 Release

Posted By: David Jackson Chamber News,


With financial reporting for 2022 completed, the Boone Area Chamber of Commerce released its Q4 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 includes quick stats and commentary on local commercial real estate activity provided by James Milner, CCIM, Appalachian Commercial Real Estate. New for this report, a summary of the residential real estate market was supplied by Stacie Pineda, Stacie Pineda Real Estate Group.


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.