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Kingsport new home permits up again in June, inventory still an issue
New home construction in Kingsport picked up in June and continued improving over the 2010 and 2011 market performance. There were 12 new residential permits issued last month. That's double the...
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Kingsport, Johnson City foreclosure filings follow national uptrend
Banks are stepping up the foreclosure filing pace on both the local and national markets. Foreclosure experts say it's a countdown that could deliver a swell of new foreclosed properties onto the...
View ArticleKingsort - Bristol sales tax collection down for 3rd month; Johnson City...
Retail sales tax collections declined for the third straight month in the Kingsport-Bristol MSA during June. According to newly released data from the Business and Economic Research Center at MTSU,...
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Kingsport jobless rate at 8.4 percent, second worst job creation month this year
A bump in June's unemployment rate is not exactly an unexpected happening. Kingsport has recorded them in nine of the past 12 years. But last month's increase to 8.4% came hand-in-hand with the...
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Kingsport new home building in slow growth mode
After a spike in June activity, Kingsport's new home construction industry settled back to the doldrums in July. At the same time worry about the Model City's new home market situation continued...
View ArticleHigh wages after high school - without a bachelor's degree
"Where are the jobs" is one of the most frequently asked questions in comments on labor stories these days. Despite the fact that there are more jobs in Kingsport now than any other time in the last...
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Kingsport - Bristol sales tax collections join U.S. retail sector for better...
Retail sales tax collections in the four-county Kingsport-Bristol MSA for July followed the national retail sector and ended three months of disappointing performance. According to newly released...
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Johnson City MSA posts 6th best home price appreciation in the nation
The three counties that make up the Johnson City MSA were ranked 6th in nation on the Federal Home Financing Agency's Q2 House Price indices that were released Thursday afternoon. There are three...
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Kingsport July jobless rate down, jobs level seeking 'new normal'
Kingsport's unemployment rate dropped to 8.4% in July, down 0.02% from June. It's a pattern noted in all three major cities in the Tri-Cities. And like the jobs creation story in Johnson City and...
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Kingsport - Bristol new home construction improving at snail's pace
New home construction in the Kingsport-Bristol MSA was back to a snail's pace growth rate in July. Even after the year-over-year monthly average was adjusted for a multi-family permit spike in June...
View ArticleKingsport - Bristol home prices dip in July, foreclosures exert more pressure
Home prices in the Kingsport - Bristol MSA during July were 0.2% lower than they were during the same month last year, according to CoreLogic's All-Sales Home Price Index. That was a slight improvement...
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Kingsport new home market in low gear
New home construction in Kingsport continued clawing its way out of the black hole of the Great Recession during August. Seven new residential permits were issue during the month, five fewer than...
View ArticleHome sales, prices up in NE Tenn. cities
Double digit sales growth was the name of the game in August for previously owned single-family home sales in the Tri-Cities. According to the Northeast Tennessee Association of Realtors' August...
View ArticleMost Kingsport-Bristol job sectors show August growth
Local jobs data will be out later this week and an advanced look at seasonally unadjusted labor sector numbers show six sectors adding jobs when compared to the July totals. According to the Bureau of...
View ArticleKingsport - Bristol retail sales take August double dip, weekly wages up
Kingsport - Bristol retail sales did a double dip in August. According to seasonally adjusted data from the Business and Economic Research Center at MTSU, the MSA's sales were 3.8% lower than they were...
View ArticleKingsport new home sector lags other economic sectors
Kingsport's September new home construction is struggling with an ongoing "good news vs. soft news" story. The number of new residential permits was half the number issued during September 2011, but...
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Kingsport new home building improves, still lags other economic sectors
U.S. foreclosure filings hit a five-year low in September - the second consecutive monthly decline. Unfortunately, the Kingsport and Sullivan County markets are not following that trend line. While...
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Kingsport, Sullivan foreclosure filings buck national down trend
U.S. foreclosure filings hit a five-year low in September - the second consecutive monthly decline. Unfortunately, the Kingsport and Sullivan County markets are not following that trend line. While...
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Kingsport - Bristol Sept. retail sales tax collections up
September retail sales tax collections in Kingsport-Bristol made an 0.6% gain after two months of decline. According to seasonally adjusted data from the Business and Economic Research Center at MTSU...
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Kingsport - Bristol non-farm jobs, avg. weekly wages up in Sept.
Preliminary information from the Bureau of Labor Statistics show total non-farm employment and the average private sector weekly wage in the Kingsport-Bristol MSA increased in September. The...
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