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.

September 2018 PDF Download Snapshot

Monthly Economic Indicators

Metro Denver added 56,320 people either employed or looking for work between July 2017 and July 2018. 

The Mountain Region Consumer Confidence Index was 2.2 percent higher between July and August and 13.4 percent higher over-the-year. 

The average sales price for single-family homes rose 8.3 percent over-the-year to $517,195, while the average sales price of condominiums ($305,620) increased 8.9 percent.

Economic Indicators Current Month Year-Over-Year YTD

Nonfarm Employment Growth

-5,200 Decrease

Employment down 0.3% from June to July

50,000 Increase

Employment up 3% from July 2017 to 2018

44,600 Increase

YTD employment up 2.7% through July

% Companies Hiring (Denver Area)

29 % Decrease

Companies expecting to add workers fell 2 percentage points from 2Q 2018 to 3Q 2018

29 % Decrease

Companies expecting to add workers fell 1 percentage point from 3Q 2017 to 3Q 2018

28 % Increase

YTD average up 1 percentage point compared with 2017

Unemployment Rate

2.9 % No change

Unemployment remained flat between June and July

0.2 percentage points Increase

Unemployment increased from July 2017 to 2018

2.8 % Increase

Up 0.1 percentage point from 2017 YTD average

Initial Unemployment Insurance Claims

1.7 % Increase

Claims increased from June to July

-14 % Decrease

Claims decreased from July 2017 to 2018

-10.7 % Decrease

YTD average claims decreased through July 2018

Total Retail Sales

-3.8 % Decrease

National sales decreased from May to June

5.7 % Increase

National sales increased from June 2017 to 2018

5.2 % Increase

YTD sales rose through June 2018

Consumer Confidence Index

137.2 Increase

Index up 2.2% from July to August

13.4 % Increase

Index up from August 2017 to 2018

131 Increase

YTD average up 2.4% through August 2018

Hotel Occupancy

86.4 % Decrease

Decreased 1.9 percentage points from June to July

0.4 percentage points Increase

Occupancy increased from July 2017 to 2018

74.5 % Decrease

YTD occupancy decreased 1.3 percentage points from last year

DIA Passengers

7.1 % Increase

Passengers up from May to June

4.5 % Increase

Passengers up from June 2017 to 2018

4.5 % Increase

YTD passengers increased through June 2018

Bloomberg Colorado Index

545.2 Decrease

Index down 1.1% from July to August

8.7 % Increase

Index up from August 2017 to 2018

9.6 % Increase

YTD return up through August 2018

Dow Jones / Industrial Average

25,964.8 Increase

Index up 2.2% from July to August

18.3 % Increase

Index up from August 2017 to 2018

4.5 % Increase

YTD return up through August 2018

Home Sales (Closed)

5,696 Decrease

Sales down 4.1% between June and July

0.4 % Increase

Sales up from July 2017 to 2018

32,551 Decrease

YTD sales down 4.9% through July 2018

Median Home Price (Denver-Aurora MSA)

$462,900 Increase

Up 4.8% from 1Q 2018 to 2Q 2018

9 % Increase

Price up from 2Q 2017 to 2Q 2018

$452,200 Increase

YTD price 10.2% higher through 2Q 2018

Foreclosures

242 Increase

Up 41.5% from June to July

8.5 % Increase

Up from July 2017 to 2018

1,597 Decrease

Down 7.5% YTD through July 2018

Residential Building Permits (Total)

1,543 Increase

Permits increased 0.3% from May to June

-41.6 % Decrease

Permits down June 2017 to 2018

12,207 Decrease

YTD permits down 10.5% through June 2018

Apartment Vacancy Rate

6 % Decrease

Vacancy decreased 0.1 percentage points from 1Q 2018 to 2Q 2018

1 percentage point Increase

Vacancy increased from 2Q 2017 to 2Q 2018

6.1 % Increase

YTD average up 0.7 percentage points from last year

Office Vacancy Rate (with Sublet)

10.9 % Increase

Vacancy rate increased from 1Q 2018 to 2Q 2018

+0.2 percentage points Increase

Vacancy rate up from 10.7% one year ago

+0.2 percentage points Increase

Vacancy rate up from 10.7% one year ago

Industrial Vacancy Rate (with Sublet)

4.7 % Increase

Vacancy rate increased from 1Q 2018 to 2Q 2018

+0.2 percentage points Increase

2Q 2018 vacancy up from 4.5% one year ago

+0.2 percentage points Increase

2Q 2018 vacancy up from 4.5% one year ago

Retail Space Vacancy Rate (with Sublet)

4.7 % Increase

Vacancy rate increased from 1Q 2018 to 2Q 2018

-0.1 percentage points Decrease

2Q 2018 vacancy down from 4.8% one year ago

-0.1 percentage points Decrease

2Q 2018 vacancy down from 4.8% one year ago

Economic Indicators Current Month Year-Over-Year YTD