|Washington County Residential Defaults
||September 8, 2008
Washington County Residential Defaults July
2007 to July 2008
Defaults||Total Value of
Defaults||Average Default Value|
|84770|| St George
Source: NewReach Builders Decision, August
Notes: Washington County Residential
Defaults July 2007 to July 2008
- St George represents 507 homes in default or
60% of the total
- Central and La Verkin are the only areas with
homes in default averaging under $250,000 and they
represent only 42 homes or only 5% of the total.
Source: NewReach Builders Decision, August
THIS WEEKS LEADS:
- Aaron Brothers
- Aaron Brothers - Art and Framing operates 160
locations throughout AZ, CA, CO, GA, ID, MD, NV, OR,
TX, VA and WA.
- The stores, offering custom
framing, wall and photo frames, art supplies, albums,
Washington County Residential
- Where are
- Who is getting hit the worst?
- Just the most
- Just in
- Just in the south?
|Bonneville Research Website
Check out our Bonneville Research Website!
- World Business Confidence
- Global business sentiment has been more or
less consistent with a global economy that is near
recession since the subprime financial shock hit over
a year ago. At times confidence has been weaker
such as early this spring, and, at other times stronger,
such as this summer when the tax rebate checks
were being mailed, but sentiment is currently in the
middle of the range that has prevailed over the past
year. The survey did take on a slightly more upbeat
tone at the end of August as pricing pressures abated
a bit, sales strengthened somewhat and hiring firmed
modestly. Businesses remain the most dour in the
U.S., Europe and Japan, and the most upbeat in the
rest of Asia.
- ABC News/Washington Post Consumer
- After dipping slightly last week, confidence
improved this week. According to the ABC
News/Washington Post consumer confidence index,
sentiment gained 3 points to -47 for the week ended
August 31. Despite the easing in consumer
sentiment, the index remains at a level consistent with
- Productivity and Costs
- Productivity growth for the second quarter was
revised sharply higher and was well above the
consensus forecast. Nonfarm business productivity
grew 4.3% (SAAR), compared with 2.2% in the
preliminary release; the consensus was for 3.3%
growth. The revision was due largely to an upward
revision to output growth. Growth in unit labor costs
also saw a large revision; they fell 0.5% (SAAR) in the
second quarter, compared with the previously
reported 1.3% increase. This was close to the
consensus expectation for a 0.3% decline. Productivity
growth is good despite the weak economy, and no
inflationary pressures are coming from the labor
- Factory Orders (M3)
- New orders for manufactured goods rose 1.3% in
July following a 2.1% increase in June. The increase
was larger than consensus forecasts expected.
Shipments rose 2.1%, also a larger than expected
gain. Unfilled orders and inventories rose by 0.7% and
0.5%, respectively. Durable goods orders rose 1.3%,
unchanged from the previously released figure, and
nondurable goods were up 1.2% over the month.
- Semiconductor Billings
- Global semiconductor sales rose 2.8% in July to
$22.18 billion on a three-month moving average
basis. If not for falling prices for memory products,
sales growth would be stronger. Sales are now 7.6%
higher than in July of last year, with gains seen in all
regions of the world except the Americas.
- Monster Employment Index
- The nation's employers posted more job
advertisements in August than during July. The
Monster Employment Index rose in August to 159, a
1.3% increase from a month ago. However, having
declined in the preceding three months, the index is
down 14.5% from a year ago.
- Jobless Claims
- Initial claims for unemployment insurance
increased 15,000 to 444,000 for the week ending
August 30. This was a move away from expectations.
Claims had declined in the three previous weeks.
This rise may signal further loosening in the labor
market, but more likely it is just more volatility,
considering the count preceded Labor Day.
- Job Cuts
- Job cuts announcements have been trending
higher this year, but they dipped to 88,736 in August.
This is up 11.7% from a year ago and on par with the
average for the past three months. Overall, the report
was similar to those on employment seen so far this
year. The labor market is weak, but not to the degree
normally seen in recessions.
- Construction Spending (C30)
- Construction spending fell in July 2008 in
comparison with the revised June figures. Overall
residential construction spending was down 0.6% in
July compared with June, and was down by 4.8% in
comparison with construction spending in July 2007.
A slight increase in public construction was more than
offset by declining private construction spending,
especially in residential structures.
- MBA Mortgage Applications Survey
- The mortgage market had a better week as all of
the market composite indices improved by August 29.
The market index finished up by 7.5%, and for once
the bulk of this increase was caused by an
improvement in the purchase index, which increased
by 10.5%. The refinance index also improved by 2.1%
from the previous week. Given lower inflation and a
moderate downward trend in contract rates, this might
be the start of the mortgage market's long climb up
from the bottom.
- Chain Store Sales
- Chain store sales rose 1.7% in August, slightly
below expectations. Gasoline prices continued to
support growth, lifting sales at warehouse clubs.
Discounters and other value-oriented retailers,
particularly Wal-Mart, outperformed as financially
pressed consumers focus on necessities and lower-
- Oil and Gas Inventories
- Crude oil inventories declined by 1.9 million
barrels for the week ending August 29, according to
the Energy Information Administration, in contrast with
expectations of a modest build. Gasoline inventories
fell by 1.0 million barrels, less than estimates of a 1.4
million barrel decline. Distillate supplies fell by 0.4
million barrels, contrasting expectations of a 0.5
million barrel build. Refinery operating capacity rose
strongly to 88.7%. Total domestic petroleum demand
rose strongly. This report is bullish.
- Natural Gas Storage Report
- Working gas in underground storage increased by
90 billion cubic feet during the week ending August
29, slightly above consensus expectations of an 88
|BONNEVILLE RESEARCH - Working with clients to deliver results that endure!
Successful client work requires a
superior team of
outstanding people working fluidly together.
Bonneville Research is the one firm with
experience and expertise to help
governments and nonprofit organizations
We work to help clients achieve enduring
and improve the communities in which we
Bonneville Research is a Utah-based
firm providing economic, financial, market
research to public and private sector clients
throughout the intermountain west.
Helping Clients Succeed
Our services include:
- Financial Analysis
- Business License Studies
- Impact Fee analysis
- Urban Renewal & Redevelopment
Analysis and Budgets
- Strategy and Policy Analysis
- Economic and Fiscal Impact Analysis
- Statistical and Survey Research
- Public Sector Mission
Each of our studies is tailored to address
unique needs of our clients and their
If we can help, please call or email us at
|Note from Bob Springmeyer:
As some of you may know I am the Democratic
Candidate for Utah Governor.
I have always considered myself a "pro-business"
moderate in the great tradition of Governors Rampton
It is my hope that I can continue to send out the
Monday Report weekly without interruption.
The Monday Report has always reflected my
business and economic development values.
I don't intend for the Monday Report to become
a campaign tool, but if you are interested in my
campaign and want to be supportive, please click on
the link below.
The good education, good jobs, good health and
good government candidate for Utah Governor
Election Date: November 4th, 2008
November 4th, 2008