Category Archives: South East Michigan

Detroit Stabilizing on Firmer Real Estate and Labor Markets

Michigan is enjoying widespread prosperity, as prolonged strength in automobile sales and the broader manufacturing complex has acted as a great stabilizing force in the state. It is widely understood that the pace of this improvement in the manufacturing sector … Continue reading

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Sustaining Growth an Issue to Come for Detroit

Moody’s says that Detroit’s economy is better now, with a positive credit outlook, a year after exiting bankruptcy. Air traffic through Detroit Metro grew last year, with more new routes planned for this year. Auto show attendance was up, and … Continue reading

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Tighter Labor Market Builds Confidence in Detroit Development

Real estate development in Southeast Michigan remained strong through the third quarter. Single-family and multi-family housing starts were both up strongly from the previous year. Detroit’s riverfront will soon host a $65 million mixed-use development, Orleans Landing, spanning eight acres … Continue reading

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Improving Labor Market Boosts Detroit Housing

South East Michigan saw an average 5.9 percent unemployment rate in 2015Q2. While still above the national average, this indicates a relatively healthy labor market for the region. Although the labor force has contracted over the past year, job creation … Continue reading

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Detroit in Transition

Job growth in the Detroit metro area is moderately above the U.S. average through the first three months of 2015. On a year-ago basis, Detroit added jobs at a 2.4 percent rate in March, while the U.S. as a whole … Continue reading

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Strong Auto Industry Bolsters Detroit

Lower gasoline prices, strong job creation and improving consumer confidence are a potent combination for U.S. auto sales, and that is good news for Detroit. U.S. auto sales look like they are getting close to the top of the cycle, … Continue reading

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A Clearer View for Detroit

A clearer view for the Detroit metro area economy is developing as the City of Detroit exits bankruptcy. Officially, the City emerged from bankruptcy after 17 months as the calendar flipped over to December 11. On December 10, the City … Continue reading

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Detroit Adds Jobs in Q2

It sounds like faint praise, but for the Detroit metro any net job growth is good news. Payroll employment ticked up in May and June after stagnating in the second half of 2013, and declining in early 2014. Despite the … Continue reading

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The Detroit Metro Area Is Losing Jobs

The official count of payroll jobs in the Detroit MSA has not only stalled, it has trended down over the last 10 months. Detroit MSA payroll employment hit a local peak of 1,867,100 in June 2013. By this April almost … Continue reading

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Detroit Set for Modest Growth

The Detroit metro area is adding jobs, but only slowly. As of December, payroll jobs increased in the Detroit metro area by 0.8 percent over the previous year, significantly under the U.S. national average of 1.7 percent. The metro-area unemployment … Continue reading

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