2025 Q1 Economic Indicators
The Boone Area Chamber of Commerce released its first Economic Indicators report of 2025.
This quarterly report examines five key statistics within the Watauga County & High Country Economy:
- Residential Home Sales
- Sales Tax
- Occupancy Tax
- Unemployment Rates
- New Single-Family Homes
This report also features 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, CCIM, Appalachian Commercial Real Estate and a summary of the residential real estate market supplied by Stacie Pineda, Stacie Pineda Real Estate Group.
Beginning with the 2024 Q3 + Q4 Economic Indicators report, there are now new data points from the monthly Business Snapshot Survey. In response to the impacts of Hurricane Helene on our local business community, this survey tracks real-time conditions as local businesses continue recovering from the impacts of Hurricane Helene.
January 2025 Snapshot Report February 2025 Snapshot Report March 2025 Snapshot Report
"Let’s not forget, our economy is not driven as much by manufacturing, but by tourism, which provides some protection during times of broader uncertainty."
- Dr. Harry Davis
The 2025 Q1 Economic Indicators report was developed and data compiled with the assistance of the Watauga County Economic Development Commission, Watauga County Tourism Development Authority, High Country Association of Realtors, and the Chamber’s Business Development Committee.
A review of data for 2024 can be found here:
Quarter 3 + 4 (January 2025) Economic Indicators
Quarter 2 (July 2024) Economic Indicators
Quarter 1 (April 2024) Economic Indicators
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. To reach Stacie Pineda, email stacie@staciepineda.com or email david@boonechamber.com.
Be sure to follow the Boone Area Chamber of Commerce on social media for interactive content with the professionals involved with this report.