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.

May 2019 PDF Download Snapshot

Monthly Economic Indicators

Metro Denver existing home sales increased 32.9 percent between February and March. 

The average hotel occupancy rate in Metro Denver rose 5.7 percentage points between February and March to 70.9 percent occupied.

The Mountain Region Consumer Confidence Index rose from 127.8 in March (revised) to 139.2 in April, an increase of 8.9 percent.

Economic Indicators Current Month Year-Over-Year YTD

Nonfarm Employment Growth

7,100 Increase

Employment up 0.4% from Feb to Mar

29,100 Increase

Employment up 1.7% from Mar 2018 to 2019

31,300 Increase

YTD employment up 1.9% through Mar

% Companies Hiring (Denver Area)

35 % Increase

Companies hiring rose 13 percentage points from 1Q 2019 to 2Q 2019

35 % Increase

Companies hiring rose 4 percentage points from 2Q 2018 to 2Q 2019

29 % Increase

YTD average up 2 percentage points compared with 2018

Unemployment Rate

2.9 % Decrease

Unemployment down 0.4 percentage points between Feb and Mar

0.0 percentage point No change

Unemployment flat from Mar 2018 to 2019

3.4 % Increase

Up 0.4 percentage points from 2018 YTD average

Initial Unemployment Insurance Claims

-25.0 % Decrease

Claims decreased from Feb to Mar

1.2 % Increase

Claims increased from Mar 2018 to 2019

5.9 % Increase

YTD average claims increased through Mar 2019

Total Retail Sales

-2.8 % Decrease

National sales decreased from Jan to Feb

2.1 % Increase

National sales increased from Feb 2018 to 2019

2.7 % Increase

YTD sales rose through Feb 2019

Consumer Confidence Index

139.2 Increase

Index up 8.9% from Mar to Apr

2.8 % Increase

Index up from Apr 2018 to 2019

131.7 Increase

YTD average up 0.5% through Apr 2019

Hotel Occupancy

70.9 % Increase

Increased 5.7 percentage points from Feb to Mar

-0.3 percentage points Decrease

Occupancy decreased from Mar 2018 to Mar 2019

65.6 % No change

YTD occupancy remained flat from last year

DIA Passengers

-6.6 % Decrease

Passengers down from Jan to Feb

5.6 % Increase

Passengers up from Feb 2018 to 2019

5.2 % Increase

YTD passengers increased through Feb 2019

Bloomberg Colorado Index

556.3 Increase

Index up 1.9% from Mar to Apr

7.2 % Increase

Index up from Apr 2018 to 2019

20.8 % Increase

YTD return up through Apr 2019

Dow Jones / Industrial Average

26,592.9 Increase

Index up 2.6% from Mar to Apr

10.1 % Increase

Index up from Apr 2018 to 2019

14.0 % Increase

YTD return up through Apr 2019

Home Sales (Closed)

4,389 Increase

Sales up 32.9% between Feb and Mar

-1.0 % Decrease

Sales down from Mar 2018 to 2019

10,861 Increase

YTD sales up 0.5% through Mar 2019

Median Home Price (Denver-Aurora MSA)

$438,300 Decrease

Down 2.6% from 3Q 2018 to 4Q 2018

5.8 % Increase

Price up from 4Q 2017 to 4Q 2018

$449,900 Increase

YTD price 8.5% higher through 4Q 2018

Foreclosures

250 Decrease

Down 5.3% from Jan to Feb

10.1 % Increase

Up from Feb 2018 to 2019

514 Increase

Up 10.3% YTD through Feb 2018

Residential Building Permits (Total)

1,596 Increase

Permits increased 25.6% from Feb to Mar

-42.1 % Decrease

Permits down Mar 2018 to 2019

4,679 Decrease

YTD permits down 35.8% through Mar 2019

Apartment Vacancy Rate

5.4 % Decrease

Vacancy decreased 0.4 percentage points from 4Q 2018 to 1Q 2019

-0.7 percentage points Decrease

Vacancy decreased from 1Q 2018 to 1Q 2019

5.4 % Decrease

YTD average down 0.7 percentage points from last year

Office Vacancy Rate (with Sublet)

9.5 % Decrease

Vacancy rate decreased from 4Q 2018 to 1Q 2019

-1.1 percentage points Decrease

Vacancy rate down from 10.6% one year ago

-1.1 percentage points Decrease

Vacancy rate down from 10.6% one year ago

Industrial Vacancy Rate (with Sublet)

4.6 % Increase

Vacancy rate increased from 4Q 2018 to 1Q 2019

+0.8 percentage points Increase

1Q 2019 vacancy up from 3.8% one year ago

+0.8 percentage points Increase

1Q 2019 vacancy up from 3.8% one year ago

Retail Space Vacancy Rate (with Sublet)

4.3 % Increase

Vacancy rate increased 0.1 percentage point from 4Q 2018 to 1Q 2019

-0.1 percentage points Decrease

1Q 2019 vacancy down from 4.4% one year ago

-0.1 percentage points Decrease

1Q 2019 vacancy down from 4.4% one year ago

Economic Indicators Current Month Year-Over-Year YTD