Construction
& Retail Sales
Construction expenditures significantly impact
the local economy. A variety of projects in the manufacturing,
commercial and residential sectors include development of product
manufacturing expansions, warehouses, retail stores, hotels, hospitals,
schools and lifestyle communities.
MSA New Home Construction
|
Years
|
# of Units
|
|
1998
|
2,051
|
|
1999
|
1,816
|
|
2000
|
1,756
|
|
2001
|
1,485
|
|
2002
|
1,724
|
2003
|
1,431
|
2004
|
1,656
|
| 2005 |
1,228 |
Regional Construction
By Value (in Millions) - Constant 2005 Dollars
|
Manufacturing |
Commercial |
Single Family |
| 1994 |
31.89 |
94.76 |
258.90 |
| 1995 |
47.24 |
144.35 |
232.52 |
| 1996 |
23.88 |
200.32 |
260.16 |
| 1997 |
24.06 |
109.05 |
256.76 |
| 1998 |
24.84 |
87.97 |
270.41 |
| 1999 |
22.82 |
87.49 |
279.83 |
| 2000 |
20.60 |
107.94 |
344.08 |
| 2001 |
16.04 |
40.70 |
255.86 |
| 2002 |
11.99 |
51.05 |
233.60 |
| 2003 |
35.17 |
74.95 |
229.96 |
| 2004 |
9.88 |
72.37 |
267.09 |
| 2005 |
10.75 |
68.46 |
243.75 |
Youngstown/Warren Retail Sales³
Retailers in the four-county
Youngstown-Warren-East Liverpool CSA have seen growth since 2002.
The average consumer has $33,4199 in effective buying income. The
region is ranked 89th in the country for total
retail sales.
Total
Retail Sales
| 2000 |
$8,872,803,000
|
| 2001 |
$8,696,591,000 |
| 2002 |
$8,429,320,000 |
| 2003 |
$8,464,137,000 |
| 2004 |
$8,874,739,000 |
| 2005 |
$9,351,518,000 |
Sources: 1 Bureau of Census, 2 Builders
Association of Eastern Ohio and Western Pennsylvania, 3 Sales and
Marketing Management, Survey of Buying Power, 2000-2005. (Youngstown
and Sharon combined MSA totals)
Economic Development Home
The
Regional Chamber
NE Ohio’s Source for Economic Development
Information and Assistance
Metropolitan Tower · 11 Federal
Plaza Central · Suite 1600 · Youngstown, OH 44503-1592
Phone: 330-744-2131 – Fax 330.746.0330
197 West Market Street · Warren, OH 44481-1024
Phone: 330-392-6140 – Fax 330.746.0330
Development@RegionalChamber.com
· www.RegionalChamber.com
92006
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