15
Apr
2015
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Conway Economy At a Glance

Unemployment Rate

October

Seasonally Adjusted

US 5.8%

Arkansas 6.0%

Not Seasonally Adjusted

US 5.5%

Arkansas 5.1%

Faulkner County 4.7%

Conway 4.6%

Sales Tax Collections

Conway* September

2014 $2,033,168

2013 $1,883,448

Percent Change 7.9%

Year to Date (September)

2014 $17,172,646

2013 $17,134,076

Percent Change 0.23%

Annual

2013 $23,235,891

2012 $22,944,163

Percent Change 1.3%

*Tax Rate 1.75%

Faulkner County* September

2014 $770,904

2013 $713,845

Percent Change 8.0%

Year to Date (September)

2014 $6,467,132

2013 $6,371,070

Percent Change 1.5%

Annual

2013 $8,588,835

2012 $8,465,686

Percent Change 1.5%

*Tax Rate 0.5%

Restaurant Sales*

October

2014 $15,168,828

2013 $13,776,844

Percent Change 4.3%

Year to Date (October)

2014 $146,394,579

2013 $137,798,641

Percent Change 9.9%

Annual Sales

2013 $164,989,586

2012 $161,318,563

Percent Change 2.3%

*Including mixed drink sales

Hotel Sales

October

2014 $1,667,415

2013 $1,473,429

Percent Change 13.2%

Year to Date (October)

2014 $16,668,285

2013 $16,225,500

Percent Change 2.5%

Annual Sales

2013 $18,556,911

2012 $18,683,676

Percent Change -0.7%

Conway Building Permits

Single Family Homes

Year to Date (November)

2014 108 Permits

2013 131 Permits

Percent Change -17.6%

Annual

2013 147 Permits

2012 186 Permits

2011 153 Permits

Percent Change 2013-2012 -21.0%

Average Construction Cost*

Year to Date (November)

2014 $223,843

2013 $229,029

Percent Change -2.3%%

Annual

2013 $228,275

2012 $207,537

2011 $204,387

Percent Change 2013-2012 10.0%

*Not including land or lot improvements

Average Square Footage*

Year to date (November)

2014 2,929

2013 3,022

Percent Change -3.1%

Annual

2013 3,002

2012 2,910

2011 2,814

Percent Change 2013-2012 3.2%

Average Construction

Cost Per Square Foot*

Year to Date (November)

2014 $76.35

2013 $75.79

Percent Change 0.7%

Annual

2013 $76.04

2012 $71.33

2011 $72.64

Percent Change 8i2013-2012 6.6%%

* Total under roof

Lottery Sales

Faulkner County* November

2014 $1,062,464

2013 $1,139,563

Percent Change -6.8%

Year to Date (November)

2014 $12,918,321

2013 $14,448,801

Percent Change -10.6%

Annual

2013 $17,038,277

2012 $16,943,909

Percent Change 0.6%

Total State November

2014 $30,324,768

2013 $31,820,221

Percent Change -4.7%

Year to Date (November)

2014 $367,782,002

2013 $397,947,716

Percent Change -7.6%

Annual

2013 $432,932,799

2012 $452,245,215

Percent Change -4.3%

Natural Gas

Severance Tax Distribution

Conway

Year to Date (November)

2014 $340,198

2013 $255,027

Percent Change 33.4%

Annual

2013 $276,523

2012 $162,523

Percent Change 70.2%

Faulkner County

Year to Date (November)

2014 $277,131

2013 $207,002

Percent Change 33.9%

Annual

2013 $224,455

2012 $131,418

Percent Change 70.8%

Information provided by Pulse

of Conway