North Carolina Status

The source for this information is the St. Louis Fed and their website has a great interactive map to evaluate statistics by state.

                                                    2010                            2012

Home ownership Rate                   69.5%                         68.3%

Per Capita Personal Income         $35,007                        $36,164

Note: this is about a 1.6% increase per year. The personal income is basically keeping up with inflation. Remember that inflation is very low because food and energy costs are not included.

Construction Employment                    (July of each year)

2008                  236,000

2010                  180,700

2012                  174,300 ( A quarter of the workforce has been lost since 2008)

When the real estate development industry starts to pick up momentum, where will the labor come from?

Unemployment Rate by state