News

Report Highlights Economic Gains

FOR IMMEDIATE RELEASE

(Rock County, WI) According to the quarterly release of the 2017 Rock Ready Index, the Janesville-Beloit MSA’s economy continues to gain steam. Highlights from the Q3 report include the following:


For the fifth quarter in a row, the average annual Unemployment Rates for the County / State / U.S. remained below five percent. This same general theme held true for job posting activities too, as regional job openings reached over 30,000 for the fifth consecutive quarter. Per usual, job boards were dominated by Healthcare, Transportation & Material Moving and Office & Administrative Support job postings.


Characterizing the Janesville-Beloit housing market as robust, is an understatement, as housing prices for Q3 2017 set yet another record with an average sale price of $158,832. Compared to the same time period a year ago, the current quarter posted a four percent gain. Meanwhile, the price point differential between Q3 and Q2 2017 was relatively minimal — as Q2 recorded an average sale price of $157,833. During Q3, more than 50 single-family and condo/duplex residential permits were issued. 

 

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