Economic Indicators
2023
4th Quarter
Fourth quarter indicators are positive in the areas of bank assets, utility connections, vehicle registrations, building permit values and real estate sales. Bank deposits are lower than one year ago, as are single family new home construction permits.
3rd Quarter
Third quarter indicators are mixed, as has been the trend. Positive indicators include growing bank assets, fewer bankruptcies, more homes sold, and twice as many single family new construction permits compared to the same period last year. It is notable that building permit valuations one year ago were bolstered by two large commercial projects.
2nd Quarter
1st Quarter
2022
4th Quarter
Fourth quarter economic indicators are mixed, as they have been throughout much of 2022.
3rd Quarter
Third quarter economic indicators are showing trends much like the previous quarter. It is notable that building permit valuations were bolstered by significant commercial projects, and that bank consolidations resulted in skewed year-over-year bank deposit comparisons.
2nd Quarter
Second quarter economic indicators are trending very similarly to the prior quarter. Utility connections and vehicle registrations are up while unemployment remains low. Fewer homes were sold while days on market dropped and median and average sales price rose. Building permits show mixed results, with permit value bolstered by large commercial projects. Due to bank consolidations, there were 4 Bremer County institutions reporting in 2022 compared to 6 institutions in 2021, skewing those year-over-year comparisons.
1st Quarter
First quarter economic indicators show strong employment participation, fewer bankruptcies, and positive trends in utility connections, vehicle registrations and bankruptcies. Fewer residential properties sold, but days on market decreased significantly and sales prices are up. Fewer building permits were issued, while valuations were higher. Due to bank consolidations, there were 4 Bremer County institutions reporting in 2022 compared to 6 institutions in 2021, skewing those year-over-year comparisons.
2021
4th Quarter
Fourth quarter economic indicators were mixed. Indicators were positive in the areas of employment, bank financials, and utility connections. Residential real estate sales indicators were mostly positive as well.
3rd Quarter
Third quarter economic indicators were mixed with real estate, bank deposits, utility connections and employment numbers trending positive. Bankruptcies and vehicle registrations trended negative with building permit activity showing mixed results.
2nd Quarter
Second quarter economic indicators were positive in most categories. Residential real estate sales show a strong rebound from the pandemic effects one year ago, permits were issued for 11 new single family homes, and building permit valuation reflects a large commercial project in Denver.
1st Quarter
First quarter economic indicators were positive in most categories. Real estate sales and new home construction numbers were up, while median and average sale prices were down. Most other indicators reflect favorable trends.First quarter economic indicators were positive in most categories. Real estate sales and new home construction numbers were up, while median and average sale prices were down. Most other indicators reflect favorable trends.
2020
4th Quarter
Fourth quarter economic indicators reflect progress toward recovery from the impacts of the COVID-19 pandemic, with 14 of 15 indicators showing a positive result. The unemployment rate has rebounded as well.
3rd Quarter
Third quarter economic indicators reflect the impact of the COVID-19 pandemic. Unemployment numbers have improved from 2nd quarter which posted a 7.6% unemployment rate. Residential real estate sales and single-family home construction are both down significantly from one year ago, while many of the remaining indicators show positive trends.
2nd Quarter
Second quarter economic indicators reflect the impact of the COVID-19 pandemic on employment numbers and real estate sales. Bank deposits, utility connections and vehicle registrations showed positive trends while construction activity showed mixed results.
1st Quarter
First quarter economic indicators were mixed, with positive trends in bank deposits and assets, utility connections and vehicle registrations. Building permit valuations trended upward while fewer permits were issued. Real estate sales showed mixed results while bankruptcies were up slightly.
2019
4th Quarter
Bremer County finished the year with positive indicators in most categories. Residential real estate sales were strong, as was new home construction, and bank deposits and assets showed good growth. Bankruptcies and building permits were the only indicators that did not trend in a positive direction.
3rd Quarter
Third quarter economic indicators were positive in most categories. Bremer County financial institutions reached a significant milestone by surpassing $1 billion in deposits.
2nd Quarter
Bremer County posted solid economic numbers for the second quarter of 2019 with positive indicators in 13 of 15 categories. Bank deposits grew by $56.5 million while assets increased $67.9 million. Single family home construction outpaced last year while employment numbers remain strong.
1st Quarter
First quarter economic indicators are positive in the areas of employment, bank assets/deposits, utility connections and new home construction. There were more bankruptcies and fewer vehicle registrations, while residential real estate sales showed mixed results.
2018
4th Quarter
Fourth quarter economic indicators are positive in the areas of building permits, bank assets and deposits, utility connections, bankruptcies, vehicle registrations and employment while real estate sales and single family home construction numbers are down.
3rd Quarter
Third quarter economic indicators show positive trends in residential real estate sales, utility connections and bank deposits and assets. Vehicle registrations are down, bankruptcies are up and building permit activity shows mixed results. Employment numbers continue to reflect strong participation rates.
2nd Quarter
Second quarter economic indicators show strong employment levels, fewer bankruptcies, and growing bank deposits and assets. Residential property sales are up 24% with fewer days on market, while building permit numbers are down compared to a year ago.
1st Quarter
First quarter economic indicators show positive trends in many categories including bank deposits and assets, utility connections and real estate sales. Employment remains strong while construction permits are down from a year ago.
2017
4th Quarter
Fourth quarter economic indicators show Bremer County ended 2017 with growing bank deposits and assets, strong residential real estate sales, low unemployment, and utility connection increases reflective of residential construction growth, despite fewer permits issued compared to 4th quarter 2016.
3rd Quarter
Third quarter economic indicators show strong employment levels, growing bank deposits and assets, and an increase in vehicle registrations. Residential real estate sales show mixed results and bankruptcy numbers are up. Construction permits for this quarter are down from a year ago while increased utility connections are reflective of continued residential construction growth in the county.
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2nd Quarter
Second quarter economic indicators show positive results in nearly every category. Bank deposits and assets continue to grow, residential real estate trends are positive, building permit activity remains strong with only a slight decrease in new home construction permits. Bankruptcies are higher than a year ago, while employment remains strong in the area.
1st Quarter
Bremer County started the year off strong with a number of positive first quarter economic indicators. Positive trends were noted in real estate sales, utility connections, bank deposits and vehicle registrations.
Construction numbers were mixed while employment in the county continues to be robust.
2016
4th Quarter
Bremer County financial institutions reached a significant milestone by surpassing $1 billion in assets for year-end 2016. Construction and real estate data showed mixed results, while positive trends continued in bankruptcy numbers, utility connections and vehicle registrations. Employment numbers continue to be strong despite a small increase in unemployment for the quarter.
3rd Quarter
Bremer County posted solid economic numbers for the third quarter of 2016. Construction and real estate data reflect strong investment and bank deposits and assets continue to grow. Bankruptcies are down and vehicle registrations up. Employment numbers continue to be sound despite a small uptick in unemployment.
2nd Quarter
Second quarter economic indicators for Bremer County show strong employment numbers and continued growth in bank assets and deposits, while construction and real estate numbers are down from a year ago.
1st Quarter
First quarter economic indicators for Bremer County showed mixed results for residential real estate sales and new home construction while employment figures remained strong. Bank deposits and assets, utility connections and vehicle registrations all showed positive trends.
2015
4th Quarter
Bremer County ended 2015 with strong employment figures and continued growth in bank deposits and assets. Construction figures reflect strong investment while residential real estate sales were down slightly.
3rd Quarter
Bremer County experienced another positive quarter economically, led by a strong housing market, growing bank deposits, and continued stability in employment numbers.
2nd Quarter
A strong housing market is reflected in the second quarter economic indicators for Bremer County. Home sales are up, days on market down, and new home construction figures outpaced the same quarter a year ago.
1st Quarter
The first quarter Economic Indicators Report shows strong construction activity, continued strength in employment and growth in bank assets. Vehicle registration, utility connections and bankruptcies also show positive trends.
2014
4th Quarter
The year-end Economic Indicators Report shows strong employment figures and continued growth in bank deposits and assets. Home sales and new home construction also continue at a strong pace.
3rd Quarter
Indicators are mixed compared to an exceptionally strong quarter one year ago. Employment remains strong, bank assets continue to grow and construction activity is robust as evidenced by permit and utility connection numbers.
2nd Quarter
Economic Indicators for Bremer County show notable growth in bank assets, positive trends in real estate sales, and continued strength in employment.
1st Quarter
The 1st Quarer Economic Indicators Report for Bremer County shows positive trends in employment, bank deposits, bank assets, utility connections and vehicle registrations, while real estate and construction figures remained remarkable strong despite harsh winter weather conditions.
