Post on 01-Aug-2020
Eastern Idaho COVID-19 Economic Report | June 29, 2020
Other Reports
RBDC Weekly COVID-19 Economic Report
About the Report
The RBDC is tracking the economic impact of the COVID-19 outbreak on eastern Idaho. The report is compiled by RBDC student research teams and will be updated weekly. We hope you find the report helpful to you. We appreciate the organizations that have contributed funds to make this report available. Please contact Will Jenson (w.jenson@rbdcenter.org) if you would like to participate in our weekly industry surveys or would like to contribute to our report in some other way.
-Thank you
New This Week
● Airport passengers in Idaho Falls, Pocatello, Boise, Jackson, Wyoming, and Salt Lake City significantly dropped at the beginning of the Stay at Home order in March 2020
● Hotel room rates and revenue is continuing to rise every week
● Teton County, Wyoming’s job loss related to Covid-19 jumped significantly in March 2020
● Traffic counts in Bonneville and Madison Counties are as high or higher than pre-pandemic counts
● For real estate in Eastern Idaho, all trends have followed past trends, with the exception of sales which have decreased compared to last year
Business Formation Statistics (BFS Applications)
Source: https://www.census.gov/library/visualizations/interactive/bfs-weekly-business-applications.html
Building Permits – Madison County
Source: https://web.dbs.idaho.gov/eTRAKiT3/Custom/Idaho_PermitSearch.aspx
Building Permits – Bonneville County
Source: https://web.dbs.idaho.gov/eTRAKiT3/Custom/Idaho_PermitSearch.aspx
Building Permits – Jefferson County
Source: https://web.dbs.idaho.gov/eTRAKiT3/Custom/Idaho_PermitSearch.aspx
Building Permits – Bonneville, Jefferson, & Madison Counties
Source: https://web.dbs.idaho.gov/eTRAKiT3/Custom/Idaho_PermitSearch.aspx
Building Permits – Blaine County
Source: https://web.dbs.idaho.gov/eTRAKiT3/Custom/Idaho_PermitSearch.aspx
Building Permits – Eastern Idaho Counties
Source: https://web.dbs.idaho.gov/eTRAKiT3/Custom/Idaho_PermitSearch.aspx
Number of Airport Passengers
Source: Bureau of Transportation Statisticshttps://www.transtats.bts.gov/Data_Elements.aspx?Data=1
Number of Airport Passengers
Number of Airport Passengers
US Hotel Weekly Data
https://str.com/data-insights/news/press-releases?field_region[30]=30&coverage[min]=1900-06-19%2010%3A59%3A19&coverage[max]=2100-06-19%2010%3A59%3A19&page=4
US Hotel Weekly Data
https://str.com/data-insights/news/press-releases?field_region[30]=30&coverage[min]=1900-06-19%2010%3A59%3A19&coverage[max]=2100-06-19%2010%3A59%3A19&page=4
US Hotel Weekly Data
https://str.com/data-insights/news/press-releases?field_region[30]=30&coverage[min]=1900-06-19%2010%3A59%3A19&coverage[max]=2100-06-19%2010%3A59%3A19&page=4
Jackson Hole, Wyoming
http://jhchamber.s3.amazonaws.com/CMS/2108/375386.jhchamber.4x16.6-24.7lf.pdf
State of Idaho
ttps://tax.idaho.gov/i-1039.cfm** On tax.idaho.gov: May Collection for April, April Collection for March, March Collection for February.** One month lag time on reporting.
Teton County, Wyoming - Lodging Tax
http://jhchamber.s3.amazonaws.com/CMS/2108/375386.jhchamber.4x16.6-24.7lf.pdf
Teton County, Wyoming -Unemployment Claims
http://jhchamber.s3.amazonaws.com/CMS/2108/375386.jhchamber.4x16.6-24.7lf.pdf
Teton County, Wyoming - Lodging Tax
http://jhchamber.s3.amazonaws.com/CMS/2108/375386.jhchamber.4x16.6-24.7lf.pdf
Small Business Grants
Distribution of Grants by County
Distribution of Grants per Industry
Eastern Idaho Real Estate
Source: Snake River MLS (Bonneville, Jefferson, Madison Counties)
0
10
20
30
40
50
60
70
80
90
Units Sold
2019 2020
0
20
40
60
80
100
120
New Listings
2019 2020
Eastern Idaho Real Estate
Source: Snake River MLS (Bonneville, Jefferson, Madison Counties)
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Median Sold Price
2019 2020
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Average Sold Price
2019 2020
Eastern Idaho Real Estate
Source: Snake River MLS (Bonneville, Jefferson, Madison Counties)
0
10
20
30
40
50
60
Days on Market
2019 2020
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
Total Home Sold Value
2019 2020
Traffic Volumes - Bonneville
Traffic Volumes - Bonneville
Traffic Volumes - Jefferson
Traffic Volumes - Jefferson
Traffic Volumes - Madison
Traffic Volumes - Madison
Comparing Traffic: Ada County
Comparing Traffic: Ada County
Idaho Metro Gasoline Prices
AAA. 2020. Gas Prices. June 25. Accessed June 25, 2020. https://gasprices.aaa.com/?state=ID.
Idaho Falls Gasoline Prices
AAA. 2020. Gas Prices. June 27. Accessed June 27, 2020. https://gasprices.aaa.com/?state=ID.
Idaho Falls Gasoline Prices
Idaho Falls’ average regular gasoline prices with previous year comparison.
AAA. 2020. Gas Prices. June 27. Accessed June 27, 2020. https://gasprices.aaa.com/?state=ID.
Idaho Counties Gasoline Prices
Clark Fremont
Jefferson MadisonTeton
Bonneville
Bear Lake
Bingham
Bannock
Caribou
Franklin
$2.00 - $2.09
$2.10 - $2.19
$2.20 - $2.29
$2.30 - $2.39
$2.40 - $2.49
$2.50 - $2.59
$2.60 - $2.69
Power
Oneida
Average Regular Gasoline Price
Moen, J. (2016, July 12). Idaho County Map. Retrieved from World Atas: https://www.worldatlas.com/webimage/countrys/namerica/usstates/counties/idcountymap.htmAAA. 2020. Gas Prices. June 26. Accessed June 26, 2020. https://gasprices.aaa.com/?state=ID.
Idaho Counties Gasoline Prices
AAA. 2020. Gas Prices. June 26. Accessed June 26, 2020. https://gasprices.aaa.com/?state=ID.
State Gasoline Price Comparison
AAA. 2020. Gas Prices. June 26. Accessed June 26, 2020. https://gasprices.aaa.com/?state=ID.
Idaho Falls Weather
Rexburg Weather
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