Economic Indicators: Q2 2024
The Boone Area Chamber of Commerce released its second Economic Indicators report of 2024.
This quarterly report examines five key statistics within the Watauga County & High Country Economy:
- Residential Home Sales
- Sales Tax
- Occupancy Tax
- Unemployment Rates
- New Single-Family Homes
This report also features 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 2024 Q2 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 throughout the year, with Quarter 3 data expected in October after all relevant data has been reported by state and local agencies. A review of data for the previous four quarters can be found here:
Quarter 1 (April 2024) Economic Indicators
Quarter 4 (January 2024) Economic Indicators
Quarter 3 (December 2023) Economic Indicators
Quarter 2 (August 2023) 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.
Be sure to follow the Boone Area Chamber of Commerce on social media for interactive content with the professionals involved with this report.