DOCSLIB.ORG

The Connecticut

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Connecticut THE CONNECTICUT ECONOMIC DIGEST Vol.7 No.3 A joint publication of the Connecticut Department of Labor & the Connecticut Department of Economic and Community Development MARCH 2002 2001: A Recession Odyssey By Jungmin Charles Joo, Associate Research Analyst, DOL ARTICLES hat an economic odyssey Recession?" the author of that W 2001 turned out to be. The article arrives at another conclu- Economic Review of long streak of yearly solid job sion, working with data on the Year 2001 ................................... 1-5 growth finally came to an end. previous year's benchmark and First Quarter 2002 Business The newly released revised different criteria for recession.) Climate Index ............................... 7 annual average data confirmed Last year’s downturn was that Connecticut nonfarm em- marked by severe job cuts in ployment declined in 2001 by 0.6 manufacturing and very weak percent, or 10,800 jobs, after employment growth in the ser- having added jobs in the last vices industries. It marked the eight years. The revised data ninth recession, on an annual show that Connecticut's season- average basis, in Connecticut ally adjusted total nonfarm since nonfarm employment employment peaked in July estimation began in 1939. As 2000, and rebounded somewhat the chart below shows, the in the beginning of 2001 before longest recession with the largest ALSO INSIDE starting its descent. Since number of jobs lost (-141,200, or employment is a prominent 8.7 percent) occurred during the Housing Update.................................. 7 measure of recession and recov- 1989-92 period (the years of Economic Indicators ery, July 2000 likely marks the annual average employment of Employment ....................................... 6 beginning of our current reces- on the Overall Economy ......................... 7 decline are indicated in gray Individual Data Items ....................... 8-10 sion. (In the article that follows bars). The most severe reces- Comparative Regional Data ............ 11 this, "Employment Indicators: Is sion, in terms of percent Economic Indicator Trends ....... 12-15 the Connecticut Economy in a changes, occurred towards the Labor Market Areas: Nonfarm Employment .................... 16-21 Labor Force ............................................ 22 Hours and Earnings .............................. 23 Connecticut Nonfarm Employment, 1939-2001 Housing Permits .................................... 23 Annual Averages, in Thousands Cities and Towns: 1,900 Labor Force ..................................... 24-25 The years of employment decline are in gray bars Housing Permits .................................... 26 1,700 Technical Notes ................................ 27 At a Glance ........................................ 28 1,500 1,300 In January... 1,100 900 l Employment ............... up 4,300 700 l Unemployment rate .......... 3.5% 500 l Housing permits .. down 29.2% 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 March 2002 THE CONNECTICUT ECONOMIC DIGEST THE CONNECTICUT end of World War II in 1944-45 chart below). After adding jobs in when almost 15 percent of jobs 1997 and 1998, manufacturing ECONOMIC DIGEST were lost (-110,600). backslid for the next consecutive The Connecticut Economic Digest is There were other distressing three years. In fact, 2001’s job published monthly by the Connecticut economic indicators in 2001 that loss was the largest since 1993. Department of Labor, Office of Research and the Connecticut Department of Economic and pointed to this inevitable reversal Most of the layoffs were from Community Development, Public Affairs and of economic growth. The unem- fabricated metal, industrial Strategic Planning Division. Its purpose is to ployment rate rose a full percent- machinery, electronic equipment, regularly provide users with a comprehensive age point to 3.3 percent last year, and printing & publishing manu- source for the most current, up-to-date data available on the workforce and economy of the breaking four consecutive years facturers. Inflation-adjusted state, within perspectives of the region and of decline. The labor force de- average hourly earnings of work- nation. clined also, making it the largest ers in manufacturing also The views expressed by authors are theirs percentage drop since 1994. dropped in 2001 to $9.26 after alone and do not necessarily reflect those of After steadily declining every year peaking in 1999 at $9.39. Even the Departments of Labor or Economic and Community Development. in the last decade, the number of the revised Connecticut Manufac- To receive this publication free of charge write initial claims for unemployment turing Production Index declined to: The Connecticut Economic Digest, suddenly rose sharply last year. in 2001 by the largest percentage Connecticut Department of Labor, Office of The Hartford help-wanted index since 1993. Research, 200 Folly Brook Boulevard, dropped for the third consecutive Wholesale trade, retail trade, Wethersfield, CT 06109-1114; email to [email protected]; or call: (860) 263- year. The number of new busi- and transportation and public 6275. Current subscribers who do not wish to ness starts suddenly fell last utilities (TPU) industries also continue receiving the publication or who have year, reversing five years of contributed to the overall employ- a change of address are asked to fill out the positive trends, while the count ment decline in 2001. Wholesale information on the back cover and return it to the above address. of business terminations trade employment, after succes- Contributing DOL Staff: Salvatore DiPillo, mounted. Also, the number of sive years of increases and Lincoln S. Dyer, Arthur Famiglietti, Noreen major attraction visitors to our peaking in 1998, has fallen in the Passardi, David F. Post, Joseph Slepski and State shrank for the second year, last three years. The State’s Erin C. Wilkins. Managing Editor: Jungmin as the air passenger count deteriorating economic condition Charles Joo. Contributing DECD Staff: Todd Bentsen, Kolie Chang, Robert Damroth and declined over the year, particu- became more evident when retail Mark Prisloe. We would also like to thank our larly since the events of Septem- trade and TPU employment associates at the Connecticut Center for ber 11. See page 5 for a full page decreased last year for the first Economic Analysis, University of Connecticut, of annual Connecticut economic time during the 1992-2001 for their contributions to the Digest. indicators for the years 1992 to period. The 2001 retail sales Connecticut 2001. figure also broke the positive Department of Labor growth trends of the past ten Industries years. Shaun B. Cashman, Commissioner Thomas E. Hutton, Deputy Commissioner Of the 10,800 jobs Connecti- Even the services industry, Ann Moore, Deputy Commissioner cut lost over the year, the manu- which had been adding over facturing industry lost 9,400 (See 10,000 jobs each year in the past Roger F. Therrien, Director Office of Research 200 Folly Brook Boulevard Wethersfield, CT 06109-1114 Phone: (860) 263-6275 Fax: (860) 263-6263 2000 to 2001 Employment Changes by Major Industry Division E-Mail: [email protected] Website: http://www.ctdol.state.ct.us/lmi 6,000 4,000 Connecticut Department Services Govt. 2,000 FIRE of Economic and Const. Community Development 0 James F. Abromaitis, Commissioner -2,000 TPU Rita Zangari, Deputy Commissioner Timothy H. Coppage, Deputy Commissioner -4,000 Wholesale Retail Public Affairs and Strategic Planning Division -6,000 Research Unit 505 Hudson Street -8,000 Hartford, CT 06106-2502 DECD -10,000 Phone: (860) 270-8165 RESEARCH Mfg. Fax: (860) 270-8188 E-Mail: [email protected] -12,000 Website: http://www.state.ct.us/ecd/research ●2 THE CONNECTICUT ECONOMIC DIGEST March 2002 Labor Market Areas 2000 to 2001 Employment Percent Changes by Labor Market Area In 2000, seven of the ten 3 labor market areas (LMAs) in Connecticut added jobs. Last 2 1.4 year, however, the opposite was true—seven of the ten LMAs lost 1 0.6 0.0 jobs. As the chart to the left 0 shows, the percentages of job decline ranged from 0.7 percent -0.7 -1 -0.6 -0.7 -0.7 -1.0 in the Torrington LMA to 1.7 -1.5 percent in the Waterbury LMA. -2 -1.6 -1.7 The Danielson and New London -3 LMAs were the only ones with positive employment growth over River New Lower the year, undoubtedly the result London Hartford Danbury Stamford Statewide Danielson Waterbury Torrington Bridgeport of the casino expansions. New Haven Among the ten LMAs, the largest percentage job decline in ten years, created only 2,400 new growing in the past five years, construction occurred in the jobs last year, and was unable to now showed essentially zero Danbury area last year. All but offset the heavy downsizing in growth. the Danielson LMA (where there the manufacturing sector this The government, and finance, was no change) experienced job time as it had in previous reces- insurance, and real estate (FIRE) losses in manufacturing over the sions. With the burst of the sectors also added more jobs over year—the largest percentage Internet “bubble,” the number of the year. Continued expansion of decline was in the Stamford area. business services jobs, which the casinos bolstered the local Two of the areas—Danbury and had been rapidly growing up government sector, which helped Waterbury—actually lost services until 2000, suddenly retreated to steadily increase overall em- jobs from a year ago. The 2000- last year. In addition, the con- ployment in government. FIRE’s 2001 changes in employment in struction industry was affected employment reached a ten-year all the major industry divisions by the impact of September 11 high in 2001, and has been of each LMA are shown in the and the sinking economy, despite gaining jobs in the last five years. table below. the Fed’s aggressive actions in Commercial banks and insurance lowering interest rates. This carriers, in particular, fared From Here to Recovery small but very sensitive industry, better over the year.
Load more

Recommended publications
  • Connecticut Statewide Freight Plan
    November 2017 Connecticut Statewide Freight Plan This page intentionally left blank. LIST OF ACRONYMS AHTD – Annual Hours of Truck Delay ATA – American Trucking Association BPA – Bridgeport Port Authority CIP – Capital Improvement Plan CMAQ – Congestion Mitigation and Air Quality Program CNG – Compressed Natural Gas COG – Council of Governments CPA – Connecticut Port Authority CRA – Connecticut Railroad Association CRFC – Critical Rural Freight Corridors CTDOT – Connecticut Department of Transportation CUFC – Critical Urban Freight Corridors CVISN – Commercial Vehicle Information Systems and Networks DECD – Department of Economic and Community Development DEEP – Department of Energy and Environmental Protection DMV – Department of Motor Vehicles EJ – Environmental Justice EPA – United States Environmental Protection Agency FAA – Federal Aviation Administration FAST Act – Fixing America’s Surface Transportation Act FHWA – Federal Highway Administration FMCSA – Federal Motor Carrier Administration FRA – Federal Railroad Administration FTA – Federal Transit Administration FTIP – Freight Transportation Improvement Program GIS – Geographic Information System GPS – Global Positioning Systems HCAADT – Heavy Commercial Average Annual Daily Traffic HHS – U.S. Department of Health and Human Services HOS – Hours of Service HSIP – Highway Safety Improvement Program ITS – Intelligent Transportation Systems LEP – Limited English Proficiency LRP – Long Range Plan MAP-21 – Moving Ahead for Progress in the 21st Century Act MPG – Miles Per Gallon MPH –
    [Show full text]
  • Connecticut Economic Outlook for 2011-2012: a Perspective from Sacred Heart University Students in Business Economics John F
    Sacred Heart University DigitalCommons@SHU WCOB Student Papers Jack Welch College of Business Spring 2011 Connecticut Economic Outlook for 2011-2012: A Perspective from Sacred Heart University Students in Business Economics John F. Welch College of Business Sacred Heart University, [email protected] Follow this and additional works at: http://digitalcommons.sacredheart.edu/wcob_sp Part of the Growth and Development Commons, and the Public Economics Commons Recommended Citation John F. Welch College of Business, "Connecticut Economic Outlook for 2011-2012: A Perspective from Sacred Heart University Students in Business Economics" (2011). WCOB Student Papers. Paper 5. http://digitalcommons.sacredheart.edu/wcob_sp/5 This Presentation is brought to you for free and open access by the Jack Welch College of Business at DigitalCommons@SHU. It has been accepted for inclusion in WCOB Student Papers by an authorized administrator of DigitalCommons@SHU. For more information, please contact [email protected]. 1 SACRED HEART UNIVERSITY John F. Welch College of Business CONNECTICUT ECONOMIC OUTLOOK FOR 2011-2012: A Perspective from Sacred Heart University Students in Business Economics Final Research Project for EC392 – Economic and Financial Forecasting Instructor: Dr. Lucjan T. Orlowski - Professor and Chair, Department of Economics and Finance Spring 2011 2 Outline: Nontechnical Summary by Christopher LeBeau, Joseph Lucibello 1. Outlook for the Real Economy of Connecticut by Brian Barrett 2. Labor Market Developments by Timothy Sadowski, Courtney Kidd-Kadlubek, Tyler Locatell 3. The Public Sector: Feasibility of Restoring Fiscal Discipline by Brian Peterson, Michael DeRose, Mehmet Sahan, Vincent Spevack, James Tsavaris 4. The Housing Market: Expecting a Rebound? by Matthew Choiniere, Adrianna Bianco, Lusiano Dadario, Mario Valenti, Agata Witelus 5.
    [Show full text]
  • Robinson Cole NUALANUALA E
    Case 1:17-cv-04843-ERK-RLM Document 32 Filed 04/02/18 Page 1 of 6 PageID #: 762 Robinson Cole NUALANUALA E. DRONEYDRONEY 280 Trumbull Street Hartford, CT 06103-3597 Main (860) 275-8200 Fax (860) 275-8299 [email protected] Direct (860) 275-8346 Also admitted in Massachusetts and New York By ECF April 2, 2018 Hon. Edward R. Korman United States District Judge Eastern District of New York United States Courthouse Room 918 Cadman Plaza East Brooklyn, NY 11201 Re: Rosado v. Pruitt, Case No. 17-cv-04843 (ERK)(RLM) Dear Judge Korman: Non-parties, the Connecticut PortPort Authority, the Electric Boat Corporation, the Connecticut Marine Trades Association, Cross-Sound Ferry Services, Inc., the SoutSoutheasternheastern Connecticut Council of Governments, the LowerLower Connecticut River Valley Council of Governments, the South Central Regional Council of Governments, and the Western Connecticut Council of Governments (collectively, the "Connecticut“Connecticut Amici")Amici”) respectfully submit this joint letter motion, on consent of all parties to this action (except ththatat Intervenor Plaintiff Town of Southold and the EPA Defendants take no position),1 forfor leave to: 1. Allow the Connecticut Amici to appear as amici curiae in support of the Defendants, United States Environmental Protection Agency ("EPA"),(“EPA”), E. Scott Pruitt, Deborah Szaro, and the Connecticut Department of Energy and Environmental Protection ("DEEP")(“DEEP”) (collectively, the "EPA“EPA Defendants"),Defendants”), in this administrative appeal. 2. Submit a joint amici curiae brief in connection with thethe EPA Defendants'Defendants’ forthcoming motion and cross-motion for judgment on the pleadings. 1 1 AmicusAmicus Town of Riverhead does not object to the Seven Connecticut Amici'sAmici’s request.
    [Show full text]
  • DOCUMENT RESUME ED 360 523 CE 064 258 TITLE Perspectives On
    DOCUMENT RESUME ED 360 523 CE 064 258 TITLE Perspectives on Education. INSTITUTION Connecticut State Councilon Vocational-Technical Education, Hartford. PUB DATE Apr 93 NOTE 43p. PUB TYPE Viewpoints (Opinion/PositionPapers, Essays, etc.) (120) EDRS PRICE MF01/PCO2 Plus Postage. DESCRIPTORS Adult Education; *CooperativePrograms; *Coordination; *EconomicDevelopment; Educational Policy; Educational Quality;Education Work Relationship; Employment Programs;Federal Legislation; Federal Programs;Integrated Curriculum; *Job Training; LaborForce Development; Postsecondary Education; Public Policy;Secondary Education; State Programs; Statewide Planning; *Vocational Education IDENTIFIERS *Carl D Perkins Voc andAppl Techn Educ Act 1990; Connecticut; *Job Training PartnershipAct 1982 ABSTRACT The Connecticut State Councilon Vocational-Technical Education made recommendations to improve education that wouldhelp students prepare for the work force. The council evaluatedthe following: its belief statement; the Connecticut economy; thestate's ability to support technical jobs; and education andtraining for work in Connecticut, including both the Carl Perkins Actand the Job Training Partnership Act (JTPA)programs and coordination of the two programs. The council's 18 recommendationsincluded the following: (1) the state should put more resources into informingdistricts about state-purchased appliedcurricula; (2) the Connecticut Department of Education should provide additional guidanceand support to school districts as they choose and put intouse technology,
    [Show full text]
  • Connecticut Aquatic Nuisance Species Management Plan
    CONNECTICUT AQUATIC NUISANCE SPECIES MANAGEMENT PLAN Connecticut Aquatic Nuisance Species Working Group TABLE OF CONTENTS Table of Contents 3 Acknowledgements 5 Executive Summary 6 1. INTRODUCTION 10 1.1. Scope of the ANS Problem in Connecticut 10 1.2. Relationship with other ANS Plans 10 1.3. The Development of the CT ANS Plan (Process and Participants) 11 1.3.1. The CT ANS Sub-Committees 11 1.3.2. Scientific Review Process 12 1.3.3. Public Review Process 12 1.3.4. Agency Review Process 12 2. PROBLEM DEFINITION AND RANKING 13 2.1. History and Biogeography of ANS in CT 13 2.2. Current and Potential Impacts of ANS in CT 15 2.2.1. Economic Impacts 16 2.2.2. Biodiversity and Ecosystem Impacts 19 2.3. Priority Aquatic Nuisance Species 19 2.3.1. Established ANS Priority Species or Species Groups 21 2.3.2. Potentially Threatening ANS Priority Species or Species Groups 23 2.4. Priority Vectors 23 2.5. Priorities for Action 23 3. EXISTING AUTHORITIES AND PROGRAMS 30 3.1. International Authorities and Programs 30 3.2. Federal Authorities and Programs 31 3.3. Regional Authorities and Programs 37 3.4. State Authorities and Programs 39 3.5. Local Authorities and Programs 45 4. GOALS 47 3 5. OBJECTIVES, STRATEGIES, AND ACTIONS 48 6. IMPLEMENTATION TABLE 72 7. PROGRAM MONITORING AND EVALUATION 80 Glossary* 81 Appendix A. Listings of Known Non-Native ANS and Potential ANS in Connecticut 83 Appendix B. Descriptions of Species Identified as ANS or Potential ANS 93 Appendix C.
    [Show full text]
  • State Economic Impacts of the University of Connecticut
    State Economic Impacts of the University of Connecticut Prepared by: Rigoberto A. Lopez, Mahdi Fallahi, and Steven Lanza Department of Agricultural and Resource Economics Department of Economics University of Connecticut Fall 2019 ECONOMIC IMPACTS OF THE UNIVERSITY OF CONNECTICUT EXECUTIVE SUMMARY This report ascertains and documents the significance of the University of Connecticut (UConn) to the State of Connecticut’s economy.1 Because UConn purchases goods and services from other industry sectors and hires local labor, its economic impacts cascade throughout the entire state economy. This study uses FY 2018 data on University operational and capital expenditures, employment, and labor income for the main and regional campuses (Storrs, Greater Hartford, Stamford, Avery Point and Waterbury) as well as UConn Health. It estimates the total economic impacts of the University as a whole and of each campus through the use of the IMPLAN input- output model, which channels UConn spending into statewide impacts on output, employment, labor income, and value added to the state economy. The analysis reveals that UConn’s FY 2018 total impact on the state’s economy was significant, as summarized by the following: • $5.3 billion impact on statewide economic output, generated directly from UConn and through spillover effects on other industries and households. • 26,000 jobs supported through $2.6 billion in labor income that accrues not just directly from UConn but also from business-to-business and household spending. • $2.8 billion in value added to the state economy—the best measure of UConn’s contribution to gross state product—given by the difference between the value of output and the cost of raw materials (i.e., money left in the hands of residents and businesses).
    [Show full text]
  • Of CONNECTICUT’S FOREST BASED ECONOMY 2015 North East State Foresters Association I
    the ECONOMIC IMPORTANCE of CONNECTICUT’S FOREST BASED ECONOMY 2015 North East State Foresters Association I. Introduction Thank you for taking time to learn about the econom- ic importance of Connecticut’s diverse forests. With close to 60% of its land area in forest, Connecticut ECONOMIC ranks sixteenth as the most heavily forested states in the nation. Many enjoy and appreciate our State’s woodlands for their beauty, recreation values, and private and public drink- ing water protection. We can thank the families and individ- uals who own over 70 percent of these woodlands for these Chris Martin, Connecticut State Forester benefits that contribute immensely to our quality of life. IMPORTANCE While most Connecticut woodland owners do not own their property for the sole purpose of forest product production, their individual decisions to sustainably manage and harvest some of their trees occasionally, collectively makes a significant contribution to Connecticut’s forest-based economy and acts as an incentive to retain ownership in its current-use. This analysis is but one of several identical studies conducted for each New England State CONNECTICUT’S and New York. The data therefore can be combined as a whole or by sub-region. This is an important consideration as the Northeast’s “wood basket” or as some might say “wood shed” extends beyond individual state borders, especially in Southern New England. In other words it is quite common for trees harvested in Connecticut to be manufactured into hardwood flooring, furniture, cabinetry, or fuel for heat or energy hundreds of miles away in other northeast states.
    [Show full text]
  • Board of Directors
    Board of Directors Meeting Date June 28, 2019 Board of Directors Mary Sotos Binu Chandy Deputy Commissioner of Energy, Deputy Director, DEEP DECD Betsy Crum Shawn Wooden Former Executive Director, Women’s Treasurer, State of Connecticut Housing Institute Thomas M. Flynn Matthew Ranelli, Secretary Managing Member, Coral Drive Partners LLC Partner, Shipman & Goodwin LLP Eric Brown Kevin Walsh Senior Counsel, CT Business & Industry GE Energy Financial Services’ Power and Association Renewable Energy John Harrity President, Connecticut State Council of Machinists June 21, 2019 Dear Connecticut Green Bank Board of Directors: We have a regularly scheduled meeting of the Board of Directors scheduled on Friday, June 28, 2019 from 9:00 to 11:00 a.m. in the Colonel Albert Pope Board Room of the Connecticut Green Bank at 845 Brook Street, Rocky Hill, CT 06067. On the agenda we have the following items: - Consent Agenda – review and approval of prior meeting minutes for April 26, 2019 and extension of previously approved C-PACE transactions. Also, included is a report-out for Q1 through Q3 of our Loan Loss Framework. - Committee Recommendations – the Budget & Operations Committee will be recommending the review and approval of the FY 2020 targets and budget for the Green Bank. We have provided a memo summarizing the key elements of the targets and budget, along with a cash flow analysis (coming June 25th). You will also see a memo that summarizes the progress made on our Sustainability Plan from the organizational restructuring that ensued following the “sweeps” in December 2017. And we will also propose an adjustment to the FY 2019 budget so that the budget to actuals better reflect the situation.
    [Show full text]
  • Public Comments Re E.O
    From: Randy To: DEEP ClimateChange Subject: Comments on Executive Order No. 3 Date: Friday, November 08, 2019 5:01:48 PM I hope to see more the governor more publicly 'connecting the dots' between decarbonization goals, green building, and community and economic development through socio-economic innovations and cross-sector synergies that help renew Connecticut's aging infrastructure, economic base, and resilience capacity. For example: Circular Economy (https://www.ceguide.org/Strategies-and-examples/Make/Dematerialization), WELL Building (https://www.wellcertified.com), B3 Benchmarking (https://www.b3mn.org), and Project Drawdown (https://www.drawdown.org). Through support for initiatives like these, Connecticut citizens and businesses may be inspired to both share and rebuild the wealth of our beautiful, renewable natural resource assets. By linking carbon-smart lifestyles with regenenerative environmental benefits and economic drivers, you will help assure Connecticut's sustainable, resilient future - and our state's positive contribution to the growing global commitment to restoring health to our small and fragile planet. Randall Anway, AIA New Tapestry, LLC PO Box 4066 Old Lyme, CT 06371 (203) 623-3156 (c) www.new-tapestry.com From: Kane, Leslie To: DEEP ClimateChange Subject: Public Participation Comments on GC3 Date: Wednesday, November 06, 2019 7:15:35 PM Attachments: image001.png Comments by Audubon Connecticut Leslie Kane, Managing Director Please accept these comments on a several of the questions for which you are seeking comment. 1. Which sectors and systems will be impacted by climate change and its related hazards and in what way? No comment 2. What additional science and data are needed to better understand and address the expected impacts of climate change on vulnerable communities and ecosystems in Connecticut? The National Audubon Society has just completed our latest report, Survival by Degrees.
    [Show full text]
  • Q3 2020 TEMPLATE.Xlsm
    New Haven-Milford Area Local Market Report, Third Quarter 2020 including the impact of COVID-19 on the local economy Today's Market… Median Price (Red Line) and One-year Price Growth $300,000 25% 20% $250,000 15% $200,000 10% $150,000 5% 0% $100,000 -5% $50,000 -10% $0 -15% 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Local Price Trends Price Activity New Haven U.S. Local Trend Current Median Home Price (2020 Q3) $280,000 $309,100 1-year (4-quarter) Appreciation (2020 Q3) 12.9% 11.6% Prices continue to grow relative to last year 3-year (12-quarter) Appreciation (2020 Q3) 1.0% 22.2% 3-year (12-quarter) Housing Equity Gain* $2,900 $56,167 Gains in the last 3 years have extended the 7-year (28 quarters) Housing Equity Gain* $53,700 $102,233 trend of positive price growth after the recession 9-year (36 quarters) Housing Equity Gain* $44,600 $139,867 *Note: Equity gain reflects price appreciation only New Haven U.S. Conforming Loan Limit** $510,400 $765,600 Most buyers in this market have access to FHA Loan Limit $331,760 $765,600 government-backed financing Local Median to Conforming Limit Ratio 55% not comparable Note: limits are current and include the changes made on January 1st 2020. Local NAR Leadership The New Haven-Milford market is part of region 1 in the NAR governance system, which includes all of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut.
    [Show full text]
  • 2010 Connecticut Maritime Economic Impact Study
    ECONOMIC IMPACT STUDY OF MARITIME INDUSTRIES IN CONNECTICUT Prepared for: Connecticut Maritime Coalition, Inc. P.O. Box 188 Stonington, CT 06378 Connecticut Department of Economic & Community Development 505 Hudson Street Hartford, CT 06106 Prepared by: Apex Companies, LLC 58H Connecticut Avenue South Windsor, CT 06074 FXM Associates 53 County Road Mattapoisett, MA 02739 February 2010 Economic Impact Study of Maritime Industries in Connecticut February 16, 2010 Connecticut Maritime Coalition, Inc., “Organizational Center for the Connecticut Maritime Cluster” www.ctmaritime.com Contents - Page 1 TABLE OF CONTENTS EXECUTIVE SUMMARY ............................................................................................................1 1.1 Study Purpose and Objectives .......................................................................12 1.2 Scope of Work, Focus, and Methodology ......................................................12 1.2.1 Primary and Secondary Sources ........................................................13 1.3 Background and History .................................................................................15 1.4 Report Organization ........................................................................................17 2.0 PLANNING CONTEXT..................................................................................................19 2.1 Connecticut Maritime Industry Stakeholder Interviews ................................19 2.2 National Marine Transportation System.........................................................25
    [Show full text]
  • Before the FEDERAL COMMUNICATIONS COMMISSION Washington, DC 20554 in the Matter of ) ) Connecticut Public Broadcasting, Inc. )
    Before the FEDERAL COMMUNICATIONS COMMISSION Washington, DC 20554 In the Matter of ) ) Connecticut Public Broadcasting, Inc. ) MB Docket No. _______ Amendment of Section 73.622(i) ) RM-_________________ Digital Television Table of Allotments ) (Bridgeport, Connecticut and Stamford, ) Connecticut) ) To: Secretary, FCC For: Chief, Video Division, Media Bureau PETITION FOR RULEMAKING (AMENDED) Connecticut Public Broadcasting, Inc. (“CPBI”), licensee of noncommercial educational television station WEDW(TV), Bridgeport, Connecticut, Facility ID No. 13594 (“WEDW”), by its counsel and pursuant to Section 307(b) of the Communications Act of 1934, as amended (the “Act”), and Section 1.420 of the Commission’s rules,1 hereby submits this Petition for Rulemaking (“Petition”) to request that the Commission amend the DTV Table of Allotments2 to delete channel *49 at Bridgeport, Connecticut and substitute channel *49 at Stamford, Connecticut. Pursuant to Section 1.420(i) of the Commission’s rules, CPBI requests that the WEDW license be modified to specify the new community of license without allowing competing applications.3 No technical changes are necessary or proposed in order to accomplish this 1 47 U.S.C. § 307(b); 47 C.F.R. § 1.420(i). 2 47 C.F.R. § 73.622(i). 3 See Modification of FM and TV Authorizations to Specify a New Community of License, Report and Order, 4 FCC Rcd 4870 (1989), recon. granted in part, Memorandum Opinion and Order, 5 FCC Rcd 7094 (1990) (“Change of Community R&O”). community of license change.4 In this regard, CPBI requests a waiver of the Commission’s freeze on the filing of petitions for rulemaking by television stations seeking to change their community of license.5 For the reasons set forth below, CPBI submits that a grant of this Petition would result in an overall preferential arrangement of allotments by affording Stamford its first local television service, while leaving Bridgeport adequately served by local television service.
    [Show full text]