Business Buzz: YVDP releases Fast Facts
Yampa Valley Data Partners collects economic information about Moffat, Routt and Rio Blanco counties. It releases monthly Fast Facts about the three counties.
■ Employment: All three counties continue to see an increase in unemployment rates. Moffat and Routt are still experiencing worker shortages. However, Rio Blanco had an almost equal decline in its labor force and the number of employed workers, easing their shortage of workers.
■ Real estate: Median monthly rents continue to gradually increase. Moffat and Rio Blanco have more foreclosures than a year ago, with Routt having its lowest foreclosure ratio within a six-year history. Moffat had a 12 percent increase in the number of houses for sale between March and April of this year.
■ Precipitation: In April, the White and Yampa rivers experienced their first peak volume of the season. Snow-water equivalency is higher than 100 percent for the region, with both Stagecoach and Yamcolo reservoirs also experiencing above-average capacities.
■ Coal: Coal production increased for the state as well as Moffat and Rio Blanco. However, Routt’s coal production dropped 58.9 percent in the course of the past month.
■ Oil and gas: Moffat and Routt had slight increases in monthly oil productions, while all three counties experienced a decline in gas production when compared to January.
■ Retail sales: Moffat, Rio Blanco and Routt saw significant increases in food and beverage sales in August 2015 when compared to the previous year. Year-over-year Total Retail Sales increased slightly for both Moffat and Routt, with Rio Blanco experiencing a large decline in August 2015 spending compared to August 2014 figures.
Title company welcomes Rachel Green back
Northwest Title Company is pleased to announce that Rachel Green has rejoined its title agency and is taking on a renewed role in our closing operations.
Rachel brings her extensive title insurance experience and tremendous energy to help serve the title insurance needs of the Moffat County real estate family. Rachel will be working with Kelly Peed and the rest of the Craig team.
Northwest Title Company is located at 530 Breeze St. in Craig.
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After more than a year of planning, the Warehouse Food Hall should open in June.