Numbers reflect February 2022 over February 2021.
Economic Intel • HOUSING NUMBERS •
• TOURISM UPDATES •
HOUSING LODGING TAX
90%
#FLY MGM
YTD INCREASE
9,708
FEBRUARY 2022
481
430
NUMBER OF PASSENGERS FEBRUARY 2022
$1,049,615
+63%
TOTAL HOMES LISTED FOR SALE
TOTAL HOME SALES
OCCUPANCY RATE
56 AVERAGE DAYS ON MARKET
$227,356
18,744
AVERAGE SALE PRICE
YEARTO-DATE
Source: Alabama Center for Real Estate, Montgomery Area
Source: Alabama Tourism Department
EMPLOYMENT & LABOR CIVILIAN LABOR FORCE
175,784
STATE PORT AUTHORITY HAS PURCHASED THE PROJECT SITE.
STATE LEGISLATION HAS BEEN PASSED THAT WILL ENABLE THE PROJECT TO PROCEED.
CONSTRUCTION TIMELINE OF PHASE 1 IS UP TO 2 YEARS.
EMPLOYED LABOR FORCE
3.2% UNEMPLOYMENT RATE
169,577
Source: Alabama Department of Labor, MGM Metro Area
FEDERAL APPROPRIATIONS WILL FUND THE PROJECT.
EMPLOYEES
TOP SECTORS
MORE NEWS:
MONTGOMERY INLAND PORT UPDATE:
GOVERNMENT
43,000
TRADE, TRANSPORTATION, WAREHOUSING & UTILITIES
31,300
PROFESSIONAL AND BUSINESS SERVICES
22,000
EDUCATION & HEALTH SERVICES
19,400
Source: Alabama Department of Labor, MGM Metro Area
82 MONTGOMERY BUSINESS JOURNAL