Economic Intel
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• HOUSING NUMBERS •
LOOKIN’ 70.6 GOOD MONTGOMERY BUSINESS
HOUSING
CONFIDENCE INDEX (ABCI)
9.6% The ABCI report measures quarterly economic expectations by polling business leaders across the state. Montgomery had the highest metro ABCI with a strongly confident 70.6 this quarter, up 9.6 points from Q2 2021. Panelists are expressing strongly confident expectations for improved conditions for all six of the component indexes, with three of the six registering above 73 for the Q3 2021 survey.
NUMBER OF PASSENGERS
61 AVERAGE DAYS ON MARKET
$238,948 AVERAGE SALE PRICE
• TOURISM UPDATES •
27,255
TOTAL HOMES LISTED FOR SALE
TOTAL HOME SALES
Source: The University of Alabama Center for Business and Economic Research
CITY LODGING TAX
708
697
Source: Alabama Center for Real Estate, Montgomery Area, June 2021
EMPLOYMENT & LABOR CIVILIAN LABOR FORCE
169,313
$1,054,272
EMPLOYED LABOR FORCE
JULY 2021
4.5% UNEMPLOYMENT RATE
161,694
JULY 2021
Source: Alabama Department of Labor, MGM Metro Area
67%
#FLY MGM
OCCUPANCY RATE JULY 2021
Source: Smith Travel Research, City of Montgomery and the Montgomery Airport Authority.
TOP SECTORS
EMPLOYEES GOVERNMENT
44,500
TRADE, TRANSPORTATION, WAREHOUSING & UTILITIES
29,900
PROFESSIONAL & BUSINESS SERVICES
19,400
EDUCATION & HEALTH SERVICES
19,300
Source: Alabama Department of Labor, MGM Metro Area, June 2021
98 MONTGOMERY BUSINESS JOURNAL