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Latest News

Construction.jpg

Labor issues contribute to construction slowdown

Single-family permits declined along with total units in 2023
December 21, 2023
Erica Bullock

Insufficient labor availability, declining building permit totals, and high building costs have been major factors contributing to a slowdown of Spokane-area construction this year.


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Kootenai.jpg

Kootenai County said resilient in challenging times

Population, job growth expected to remain steady
December 21, 2023
Mike McLean

Kootenai County’s economy continued to plot a steady path of growth in 2023 and faces a favorable outcome in the coming year.


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Retail.jpg

Retail sales expected to continue to decelerate in Spokane

Strong labor market may buoy purchasing power
December 21, 2023
Karina Elias

Retail sales in Spokane are expected to continue to decelerate in 2024, yet remain buoyed by the economy's strong labor market.


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Wood.jpg

Demand, prices for wood expected to increase in INW

Interest rates to play key role in lumber industry performance
December 21, 2023
Dylan Harris

Demand for wood products is expected to increase in 2024 by 3% to 4%.


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High Tech.jpg

AI advancement tops tech forecast

Expect privacy regulations to address concerns in 2024
December 21, 2023
Erica Bullock

Artificial intelligence is dominating the advanced technology industry in Spokane County and across the globe.


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Employment.jpg

Job growth could slow amid softening economy, labor shortages

INW employment market outperformed expectations this year, as recession never surfaced
December 21, 2023
Linn Parish

INW job growth is expected to slow in 2024, following a year during which the employment market outperformed expectations. 


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Overview.jpg

Some improvements expected follow 2023 slowdowns

Interest rates, persistent labor shortages present continuing challenges
December 21, 2023
Mike McLean

The economy here is expected to improve in some metrics here in 2024 although it faces persistent challenges in interest rates, inflation fears, and labor shortages.


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Real Estate.jpg

High rates faulted for real estate market slowdown

Softening sales expected to continue in election year
December 21, 2023
Erica Bullock

Elevated interest rates are behind market slowdowns across both commercial and residential real estate sectors in Spokane and Kootenai counties this year.


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Closures17_web.jpg

Restaurant closures pile up in Spokane area

Suki Yaki Inn, Red Lion Pub, Lost Boys among eateries to be shuttered
December 7, 2023
Dylan Harris

A flurry of restaurant closures has marred Spokane’s food scene in recent months, with at least seven Lilac City establishments either closing or announcing plans to close since October.


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Price_web.jpg

Idaho invests in schools to meet workforce needs

Program intended to help develop, expand career technical education
December 7, 2023
Dylan Harris

The state of Idaho is attempting to address workforce shortages by investing in middle and high school career technical education programs.


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