Sunday, July 16, 2006

Good news then some not so good news for NWO

First the "Good" news from the Toledo Blade:

Manufacturing activity in northwest Ohio rose last month for the 33rd-straight time and was stronger than the national figure, according to the Northwest Ohio Manufacturing Index released yesterday by Toledo's Regional Growth Partnership.

The article about The Andersons is also in the "Good" news category.

Aldi's is planning two more area stores.

Now for the not so good news:

New housing construction slipped by a third in northwest Ohio's two most populous counties in the first six months of the year from last year, building officials said. In Michigan's Bedford Township, building also declined, but by a smaller percentage.

The number of unsold used homes in northwest Ohio as of June 30 was 15,705, up 8 percent from a year ago, according to statistics provided by the Toledo Board of Realtors.


For those following the discussion concerning the Minimum Habitability Standard that Toledo City Council is considering, this is something that will most certainly come into that discussion.

6 comments:

Anonymous said...

Manufacturing activity is rising because three years ago it was at a record low - no cause for great optimism yet.

Ohio still has fewer jobs than it did on the day George Bush took office.

Unknown said...

I agree it's not time to get out the fireworks and plan a great celebration but a continued increase is better than an continued decline.

:-)

laser said...

I think I know why there are so many unsold houses. Many of them are in aweful condition. I looked at about 80 in person and many more on the internet while house shopping in Toledo the last couple of months.

Did you happen to get info on whether or not the value of Toledo has gone up or down?

Unknown said...

Mark, that's a very good question and no I haven't seen those figures yet. I know several people who stated the value of their property had been increased for tax purposes but I've not seen an overall report from the County as to total values.

I know when we were looking at homes the ones in our price range did need quite a bit of work. I don't think that's uncommon though, a home that is in a great neighborhood and is ready to move into is going to most likely be priced higher.

Unknown said...

Mark, you might find this site of some interest.

Especially page three.

Hooda Thunkit (Dave Zawodny) said...

Lisa,

To borrow an old Black Swamp term, “We are suffering from a malaise…”