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U.S. New Home Sales. S.C. Home Sales and Prices. Sales and Prices Across South Carolina, 2007 vs. 2006. S.C. and U.S. Labor Markets: Job Growth. Region’s Gross Retail Sales ($ billions). Region’s Labor Force (thousands). Region’s Total Employment (thousands). REGION LABOR FORCE. - PowerPoint PPT Presentation
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U.S. New Home Sales
200
400
600
800
1000
1200
1400
1970 1975 1980 1985 1990 1995 2000 2005
S.C. Home Sales and Prices
8000
10000
12000
14000
16000
18000
20000
110
120
130
140
150
160
170
99 00 01 02 03 04 05 06 07
Sales Median Price
qu
art
erl
y sa
les m
ed
ian
price
Sales and Prices Across
South Carolina, 2007 vs.
2006
Sales Prices
Aiken -9.8% 5.6%
Beaufort -22.7 -4.5
Charleston -19 1.4
Cherokee 2.4 -4.2
Myrtle Beach -29.2 3.6
Columbia -2.4 3.3
Greenville 1.7 1.5
Greenwood -5.4 1.7
Hilton Head -7.4 -2.3
Piedmont 8.1 1.1
Pee Dee 0.7 -0.7
Southern Midlands -8.9 -10.9
Spartanburg -2.2 2
Sumter/Clarendon -14.7 4
Upstate -9.3 -0.2
Statewide -10.5 0
S.C. and U.S. Labor Markets: Job Growth
-3
-2
-1
0
1
2
3
4
99 00 01 02 03 04 05 06 07
S.C. U.S.
an
nu
al %
ch
an
ge
Region’s Gross Retail Sales($ billions)
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
History $2.70 $2.56 $3.05 $3.22 $3.39 $3.59 $3.93
Forecast $4.08 $4.27
2001 2002 2003 2004 2005 2006 2007 2008 2009
Region’s Labor Force(thousands)
86.0
88.0
90.0
92.0
94.0
96.0
98.0
100.0
History 90.9 90.7 93.8 95.2 97.0 97.9 96.7
Forecast 96.1 96.5
2001 2002 2003 2004 2005 2006 2007 2008 2009
Region’s Total Employment(thousands)
81.0
82.0
83.0
84.0
85.0
86.0
87.0
88.0
89.0
90.0
91.0
History 85.2 84.4 86.8 87.9 89.1 90.3 89.9
Forecast 89.4 89.8
2001 2002 2003 2004 2005 2006 2007 2008 2009
REGION LABOR FORCE
Changes in 2007Employed + Unemployed = Labor Force(-387) (-809) -1,196
200796,680 Labor Force
7.0% unemployed93.0% employed
200697,876 Labor Force
7.8% unemployed92.2% employed
Unemployment = Unemployed Rate Employed + Unemployed
Historical Unemployment Rates
3
4
5
6
7
8
9
94 95 96 97 98 99 00 01 02 03 04 05 06 07
Santee-Lynches S.C. U.S.
per
cen
t
Region’s Unemployment Rate(percent)
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
History 6.3 7.0 7.5 7.7 8.1 7.8 7.0
Forecast 7.0 7.0
2001 2002 2003 2004 2005 2006 2007 2008 2009
-6,420manufacturingjob losses from
2000-Mid ‘07for region.
Source: Quarterly Census of Employment and Wages (QCEW)
Region's manufacturing jobs by year
19,868
18,174
16,547 16,492
15,781
14,768
13,80713,448
10,000
12,000
14,000
16,000
18,000
20,000
2000 2001 2002 2003 2004 2005 2006 Mid-'07
+1,791
non-manufacturing
job gains from
2000-Mid ‘07
for region.
Source: Quarterly Census of Employment and Wages (QCEW)
Region's non-manufacturing jobs by year
51,570 51,467 51,500
52,58752,934
53,493 53,361
50,789
47,000
48,000
49,000
50,000
51,000
52,000
53,000
54,000
2000 2001 2002 2003 2004 2005 2006 Mid-'07
Whole body of 8th graders
through the years
65% are graduating high
school with a diploma
over time in region.
High School Years
Public high school graduation rates in region
• Current region average of 65% is about equal to state average.
• U.S. average is about 72% in recent years.
Source: S.C. Department of Education enrollment and diploma data
Educational AttainmentPercent of 25 years+ population with at least Associate Degree
26.5
22.9
18.8
30.7
27.1
20.7
8
12
16
20
24
28
32
U.S. S.C. Region
Per
cen
t
1990 2000
Increase: U.S. 15.8% S.C. 18.3% Region: 10.1%
Source: U.S. Census Bureau
Educational AttainmentPercent of 25 years+ population with at least Bachelor's Degree
20.3
16.6
12.9
24.4
20.4
14.6
579
1113151719212325
U.S. S.C. Region
Per
cen
t
1990 2000
Increase: U.S. 20.2% S.C. 22.9% Region: 13.2%
Source: U.S. Census Bureau
$23,076
$19,124
$16,036
$34,471
$28,285
$24,937
$10,000
$14,000
$18,000
$22,000
$26,000
$30,000
$34,000
1995 2005
Source: Bureau of Economic Analysis
Per Capita Income (10-year trend)
U.S. S.C. Region
$ Increase % Increase
U.S. +$11,395 49.4%
S.C. +$9,161 47.9%
Region +$8,901 55.5%
Single Family Building Permits(# of permits)
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
History 718 806 985 1,218 1,528 1,457 1,369
Forecast 1,050 1,175
2001 2002 2003 2004 2005 2006 2007 2008 2009
Single Family Permits Value($millions)
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
History $72.0 $82.2 $97.9 $123.2 $156.3 $161.3 $159.1
Forecast $116.1 $126.8
2001 2002 2003 2004 2005 2006 2007 2008 2009
Manufactured/Mobile Home Permits(# of permits)
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
History 1,554 1,362 1,197 966 931 834 737
Forecast 594 441
2001 2002 2003 2004 2005 2006 2007 2008 2009
Nonresidential Building Permits(# of permits)
0
20
40
60
80
100
120
140
160
180
History 147 160 147 123 146 170 150
Forecast 140 139
2001 2002 2003 2004 2005 2006 2007 2008 2009
Nonresidential Permit Value($millions)
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
History $36.4 $76.0 $50.3 $36.9 $37.1 $65.4 $28.1
Forecast $43.8 $32.4
2001 2002 2003 2004 2005 2006 2007 2008 2009
GDP Growth Rate(percent)
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
History 0.8 1.6 2.5 3.6 3.1 2.9 2.2
Forecast 2.2 3.1
2001 2002 2003 2004 2005 2006 2007 2008 2009
CPI Inflation Rate(percent)
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
History 2.8 1.6 2.3 2.7 3.4 3.2 2.9
Forecast 3.1 2.3
2001 2002 2003 2004 2005 2006 2007 2008 2009
Prime Rate(percent)
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
History 6.9 4.7 4.1 4.3 6.2 8.0 8.1
Forecast 5.5 6.0
2001 2002 2003 2004 2005 2006 2007 2008 2009
30-Year Conventional Mortgage Rate(percent)
5.2
5.4
5.6
5.8
6.0
6.2
6.4
6.6
6.8
7.0
7.2
History 7.0 6.5 5.8 5.8 5.9 6.4 6.3
Forecast 6.0 6.3
2001 2002 2003 2004 2005 2006 2007 2008 2009
3-Month Treasury Rate(percent)
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
History 3.4 1.6 1.0 1.4 3.1 4.7 4.4
Forecast 2.4 3.1
2001 2002 2003 2004 2005 2006 2007 2008 2009
10-Year Treasury Rate(percent)
0.0
1.0
2.0
3.0
4.0
5.0
6.0
History 5.0 4.6 4.0 4.3 4.3 4.8 4.6
Forecast 3.9 4.5
2001 2002 2003 2004 2005 2006 2007 2008 2009
