2023 Economic Indicators: Q3 Release

As the push toward the holiday and winter tourism seasons progress, the Boone Area Chamber of Commerce released its Q3 Economic Indicators Report for 2023.

This quarterly report examines five key statistics within the Watauga County & High Country Economy, featuring 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. 

The Q3 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.

Economic Indicators reporting will continue in 2024, with Quarter 4 data expected in January aftter all relevant data has been reported by state and local agencies. A review of data for the previous four quarters can be found here:

Review Quarter 2 (August 2023) Economic Indicators

Review Quarter 1 (May 2023) Economic Indicators

Review Quarter 4 (January 2023) Economic Indicators

Review Quarter 3 (October 2022) 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.