Monthly Economic Indicators

This monthly report provides a snapshot of metro area economic activity in labor and employment, the consumer sector, and residential and commercial real estate.

April 2018 PDF Download Snapshot

Monthly Economic Indicators

Legislative economists predict that the state will have as much as an additional $1.3 billion, or 11.5 percent more in 2018-19 than is budgeted in 2017-18.

Employment in Metro Denver rose 2.5 percent between February 2017 and 2018, or an additional 40,800 jobs during the period

The average sales price for single-family homes rose 11.8 percent over-the-year to $482,465, while the average sales price of condominiums ($288,209) increased 12.6 percent during the same period.

Economic Indicators April 2018 Year-Over-Year 2018 YTD

Nonfarm Employment Growth

13,300 Increase

Employment up 0.8% from January to February

40,800 Increase

Employment up 2.5% from February 2017 to 2018

39,800 Increase

YTD employment up 2.5% through January

% Companies Hiring (Denver Area)

31 % Increase

Companies expecting to add workers rose 8 percentage points from 1Q 2018 to 2Q 2018

31 % Increase

Companies expecting to add workers rose 4 percentage points from 2Q 2017 to 2Q 2018

27 % Increase

YTD average up 1 percentage point compared with 2017

Unemployment Rate

3.1 % Decrease

Unemployment decreased 0.1 points between January and February

0.2 percentage points Increase

Unemployment rate up from February 2017 to 2018

3.1 % Increase

Up 0.1 percentage points from 2017 YTD average

Initial Unemployment Insurance Claims

-13.5 % Decrease

Claims decreased from January to February

3.9 % Increase

Claims increased from February 2017 to 2018

-6.4 % Decrease

YTD average claims decreased through February 2018

Total Retail Sales

-20.7 % Decrease

National sales decreased from December to January

5.2 % Increase

National sales increased from January 2017 to 2018

5.2 % Increase

YTD sales rose through January 2018

Consumer Confidence Index

134.7 Increase

Index up 2.5 percent from February to March

10 % Increase

Index up from March 2017 to 2018

129.4 Increase

YTD average up 3.7% through March 2018

Hotel Occupancy

64.5 % Increase

Increased 3.3 percentage points from January to February

-0.2 percentage points Decrease

Occupancy decreased from February 2017 to 2018

62.8 % Decrease

YTD occupancy decreased 0.5 percentage points from last year

DIA Passengers

0.8 % Increase

Passengers up from November to December

2.6 % Increase

Passengers up from December 2016 to 2017

5.3 % Increase

YTD passengers increased through December 2017

Bloomberg Colorado Index

484.2 Increase

Index up 1.8% from February to March

-11.8 % Decrease

Index down from March 2017 to 2018

-2.7 % Decrease

YTD return down through March 2018

Dow Jones / Industrial Average

24,103.1 Decrease

Index down 3.7% from February to March

16.6 % Increase

Index up from March 2017 to 2018

-3 % Decrease

YTD return down through March 2018

Home Sales (Closed)

3,077 Decrease

Sales down 6.6% from January to February

-2.7 % Decrease

Sales down from February 2017 to 2018

6,371 Decrease

YTD sales down 4.9% through February 2018

Median Home Price (Denver-Aurora MSA)

$414,400 Decrease

Down 0.9% from 3Q 2017 to 4Q 2017

8.6 % Increase

Price up from 4Q 2016 to 4Q 2017

$414,700 Increase

YTD price 7.9% higher through 4Q 2017

Foreclosures

229 Decrease

Downt 4.2% from January to February

0.9 % Increase

Up from February 2017 to 2018

468 Increase

Up 2.2% YTD through February 2018

Residential Building Permits (Total)

2,242 Decrease

Permits decreased 7.7% from January to February

0.3 % Increase

Permits up February 2017 to 2018

4,671 Increase

YTD permits up 23.7 percent through February 2018

Apartment Vacancy Rate

6.4 % Increase

Vacancy increased 1 percentage point from 3Q 2017 to 4Q 2017

0.2 percentage points Increase

Vacancy increased from 4Q 2016 to 4Q 2017

5.6 % Decrease

YTD average down 0.1 percentage points from last year

Office Vacancy Rate (with Sublet)

11 % Increase

Vacancy rate increased from 4Q 2017 to 1Q 2018

+0.2 percentage points Increase

Vacancy rate up from 10.8% one year ago

+0.2 percentage points Increase

Vacancy rate up from 10.8% one year ago

Industrial Vacancy Rate (with Sublet)

4.4 % Decrease

Vacancy rate decreased from 4Q 2017 to 1Q 2018

+0.1 percentage points Increase

1Q 2018 vacancy up from 4.3% one year ago

+0.1 percentage points Increase

1Q 2018 vacancy up from 4.3% one year ago

Retail Space Vacancy Rate (with Sublet)

4.6 % No change

Vacancy rate remained unchanged from 4Q 2017 to 1Q 2018

+0.0 percentage points No change

1Q 2018 vacancy rate remained unchanged from one year ago

+0.0 percentage points No change

1Q 2018 vacancy rate remained unchanged from one year ago

Economic Indicators April 2018 Year-Over-Year 2018 YTD